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

Infobird Co., Ltd (NASDAQ:IFBD) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 51,800 shares, a decrease of 91.5% from the November 30th total of 612,900 shares. Based on an average daily volume of 346,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the company’s stock are sold short.

Infobird Price Performance

IFBD traded up $0.30 during trading hours on Thursday, reaching $2.49. 51,375 shares of the stock traded hands, compared to its average volume of 376,258. Infobird has a fifty-two week low of $1.63 and a fifty-two week high of $54.64. The firm’s fifty day simple moving average is $2.18 and its two-hundred day simple moving average is $2.30.

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.