Short Interest in Giftify, Inc. (NASDAQ:GIFT) Expands By 84.2%

Giftify, Inc. (NASDAQ:GIFT) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 26,000 shares, a growth of 84.2% from the February 26th total of 14,115 shares. Based on an average daily volume of 94,499 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Giftify

A number of hedge funds have recently made changes to their positions in GIFT. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify in the 3rd quarter worth $160,000. Blair William & Co. IL grew its stake in shares of Giftify by 280.0% during the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after buying an additional 70,000 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after buying an additional 17,234 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Giftify Trading Down 0.2%

NASDAQ GIFT opened at $0.89 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $0.96 and its two-hundred day simple moving average is $1.04. Giftify has a twelve month low of $0.74 and a twelve month high of $2.38. The company has a market capitalization of $29.94 million, a price-to-earnings ratio of -2.54 and a beta of -1.45.

Giftify (NASDAQ:GIFT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $21.22 million during the quarter, compared to analysts’ expectations of $19.60 million. Giftify had a negative return on equity of 48.57% and a negative net margin of 12.61%.

Giftify Company Profile

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.