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

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 574,900 shares, an increase of 22.1% from the October 31st total of 470,700 shares. Based on an average trading volume of 64,100 shares, the short-interest ratio is presently 9.0 days. Currently, 11.0% of the company’s stock are short sold.

Allbirds Stock Up 1.9 %

Shares of Allbirds stock traded up $0.15 during trading on Monday, reaching $8.14. The company’s stock had a trading volume of 102,482 shares, compared to its average volume of 57,638. The company has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $11.43. Allbirds has a 1-year low of $7.25 and a 1-year high of $29.00. The company has a market cap of $64.57 million, a price-to-earnings ratio of -0.53 and a beta of 1.77.

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

Insider Transactions at Allbirds

In other Allbirds news, CEO Joseph Vernachio sold 2,367 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the sale, the chief executive officer now directly owns 43,536 shares in the company, valued at $522,432. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 45.50% of the company’s stock.

Institutional Trading of Allbirds

A hedge fund recently bought a new stake in Allbirds stock. Jacobs Levy Equity Management Inc. purchased a new stake in Allbirds, Inc. (NASDAQ:BIRD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,730 shares of the company’s stock, valued at approximately $138,000. Jacobs Levy Equity Management Inc. owned 0.15% of Allbirds at the end of the most recent quarter. Institutional investors and hedge funds own 44.07% of the company’s stock.

Allbirds Company Profile

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.