Allbirds, Inc. (NASDAQ:BIRD) Sees Large Increase in Short Interest

Allbirds, Inc. (NASDAQ:BIRD) saw a significant increase in short interest in 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 volume of 69,800 shares, the short-interest ratio is currently 10.1 days. Approximately 13.4% of the company’s shares are sold short.

Allbirds Stock Down 0.3 %

Shares of NASDAQ BIRD traded down $0.02 during midday trading on Friday, hitting $6.95. The stock had a trading volume of 16,904 shares, compared to its average volume of 58,274. Allbirds has a 1-year low of $6.11 and a 1-year high of $22.40. The company has a market capitalization of $55.11 million, a price-to-earnings ratio of -0.43 and a beta of 1.61. The company has a fifty day moving average price of $7.52 and a 200 day moving average price of $10.37.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $42.11 million. During the same quarter in the prior year, the business earned ($4.20) earnings per share. On average, research analysts forecast that Allbirds will post -11.89 EPS for the current year.

Institutional Investors Weigh In On Allbirds

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

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.