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

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

Infobird Stock Performance

Shares of Infobird stock traded down $0.03 on Thursday, hitting $2.08. 11,598 shares of the company traded hands, compared to its average volume of 16,708. The firm’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $2.21. Infobird has a 12-month low of $1.63 and a 12-month high of $54.64.

About Infobird

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.