Short Interest in Giftify, Inc. (NASDAQ:GIFT) Expands By 28.6%

Giftify, Inc. (NASDAQ:GIFT) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 82,351 shares, a growth of 28.6% from the November 30th total of 64,017 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 30,281 shares, the short-interest ratio is presently 2.7 days. Based on an average daily volume of 30,281 shares, the short-interest ratio is presently 2.7 days. Currently, 0.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Giftify presently has an average rating of “Hold” and a consensus price target of $4.00.

Hedge Funds Weigh In On Giftify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIFT. Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Giftify in the third quarter worth about $160,000. Blair William & Co. IL boosted its stake in Giftify by 280.0% during the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after acquiring an additional 17,234 shares during the period.

Giftify Stock Performance

Shares of Giftify stock opened at $1.03 on Wednesday. Giftify has a 12 month low of $0.82 and a 12 month high of $2.38. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock has a market cap of $31.89 million, a PE ratio of -2.45 and a beta of -2.03. The business has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.11.

Giftify (NASDAQ:GIFT) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $23.40 million. Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%.

About Giftify

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.