Infobird Co., Ltd (NASDAQ:IFBD) Sees Significant Decrease in Short Interest

Infobird Co., Ltd (NASDAQ:IFBD) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 40,600 shares, a drop of 21.6% from the December 31st total of 51,800 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 343,900 shares, the days-to-cover ratio is currently 0.1 days.

Infobird Stock Down 11.8 %

Shares of IFBD stock traded down $0.26 during trading on Thursday, hitting $1.92. 52,062 shares of the stock traded hands, compared to its average volume of 35,410. Infobird has a 52-week low of $1.63 and a 52-week high of $54.64. The firm’s fifty day moving average price is $2.30 and its 200-day moving average price is $2.15.

Infobird Company Profile

Infobird Co, Ltd, through its subsidiaries, operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China. The company offers customer relationship management cloud-based services, such as SaaS and business process outsourcing services to its clients.