Short Interest in Planet Image International Limited (NASDAQ:YIBO) Decreases By 20.8%

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 105,227 shares, a decline of 20.8% from the February 26th total of 132,828 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,569 shares, the short-interest ratio is presently 8.4 days.

Institutional Trading of Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC acquired a new stake in Planet Image International Limited (NASDAQ:YIBO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Trading Down 0.9%

NASDAQ YIBO opened at $0.95 on Friday. The firm’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.12. Planet Image International has a 1 year low of $0.72 and a 1 year high of $2.69.

Analyst Upgrades and Downgrades

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

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.