Allbirds, Inc. (NASDAQ:BIRD) Short Interest Update

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 704,200 shares, an increase of 14.2% from the December 15th total of 616,800 shares. Based on an average daily trading volume, of 69,800 shares, the days-to-cover ratio is currently 10.1 days. Currently, 13.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Jacobs Levy Equity Management Inc. acquired a new position in Allbirds, Inc. (NASDAQ:BIRD) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,730 shares of the company’s stock, valued at approximately $138,000. Jacobs Levy Equity Management Inc. owned 0.15% of Allbirds as of its most recent SEC filing. 44.07% of the stock is owned by institutional investors.

Allbirds Price Performance

BIRD traded down $0.02 during trading hours on Friday, hitting $6.95. 16,904 shares of the stock were exchanged, compared to its average volume of 58,274. The stock has a market cap of $55.11 million, a price-to-earnings ratio of -0.43 and a beta of 1.61. The stock has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $10.37. Allbirds has a 12 month low of $6.11 and a 12 month high of $22.40.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.13) by $0.45. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.11 million. During the same period last year, the firm posted ($4.20) EPS. Sell-side analysts expect that Allbirds will post -11.89 EPS for the current year.

About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.