Short Interest in Planet Image International Limited (NASDAQ:YIBO) Drops By 94.6%

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 6,300 shares, a drop of 94.6% from the May 15th total of 116,100 shares. Based on an average daily trading volume, of 79,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

Planet Image International Price Performance

NASDAQ YIBO opened at $1.40 on Thursday. Planet Image International has a 52-week low of $0.95 and a 52-week high of $17.47. The business’s 50-day moving average price is $1.34 and its 200 day moving average price is $2.21.

Planet Image International Company Profile

Planet Image International Limited, through its subsidiaries, manufactures and sells compatible toner cartridges on a white-label or third-party brand basis in the People's Republic of China and internationally. The company also sells branded products through online sales channels under the TrueImage, CoolToner, and AZtech brands.