Short Interest in Planet Image International Limited (NASDAQ:YIBO) Declines By 74.9%

Planet Image International Limited (NASDAQ:YIBO) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 75,593 shares, a decline of 74.9% from the January 15th total of 301,657 shares. Based on an average daily trading volume, of 34,351 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 34,351 shares, the short-interest ratio is currently 2.2 days.

Planet Image International Trading Down 5.0%

NASDAQ:YIBO opened at $0.86 on Wednesday. The company’s 50-day moving average is $1.00 and its two-hundred day moving average is $1.20. Planet Image International has a 1-year low of $0.72 and a 1-year high of $2.69.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. Financial Plan Inc. bought a new stake in Planet Image International Limited (NASDAQ:YIBO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,000 shares of the company’s stock, valued at approximately $30,000.

About Planet Image International

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.