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

Planet Image International Limited (NASDAQ:YIBO) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 301,657 shares, an increase of 7,096.0% from the December 31st total of 4,192 shares. Based on an average daily trading volume, of 1,251,859 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,251,859 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Planet Image International in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Planet Image International currently has an average rating of “Sell”.

Planet Image International Trading Up 1.0%

Shares of Planet Image International stock opened at $1.05 on Wednesday. Planet Image International has a twelve month low of $0.72 and a twelve month high of $6.12. The business’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.24.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.