Short Interest in Infobird Co., Ltd (NASDAQ:IFBD) Increases By 26.1%

Infobird Co., Ltd (NASDAQ:IFBD) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 94,600 shares, a growth of 26.1% from the September 30th total of 75,000 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,000 shares, the days-to-cover ratio is currently 3.1 days.

Infobird Price Performance

IFBD stock remained flat at $1.95 during midday trading on Wednesday. The company had a trading volume of 1,688 shares, compared to its average volume of 344,431. The business has a fifty day moving average of $1.91 and a 200-day moving average of $2.80. Infobird has a 12-month low of $1.63 and a 12-month high of $54.64.

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.