Planet Image International Limited (NASDAQ:YIBO) Sees Significant Drop in Short Interest

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 21,900 shares, adropof50.1% from the July 31st total of 43,900 shares. Based on an average daily volume of 53,500 shares, the short-interest ratio is presently 0.4 days. Currently,1.2% of the company’s shares are short sold. Currently,1.2% of the company’s shares are short sold. Based on an average daily volume of 53,500 shares, the short-interest ratio is presently 0.4 days.

Planet Image International Stock Down 14.6%

Shares of YIBO stock opened at $1.34 on Friday. The company has a 50-day moving average of $1.40 and a two-hundred day moving average of $1.41. Planet Image International has a 1-year low of $0.95 and a 1-year high of $17.47.

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.