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

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 704,200 shares, a growth of 14.2% from the December 15th total of 616,800 shares. Approximately 13.4% of the shares of the company are sold short. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is presently 10.1 days.

Allbirds Stock Performance

NASDAQ BIRD traded down $0.02 on Friday, hitting $6.95. 16,904 shares of the stock were exchanged, compared to its average volume of 58,274. The business’s fifty day moving average is $7.52 and its 200 day moving average is $10.37. Allbirds has a 52 week low of $6.11 and a 52 week high of $22.40.

Allbirds (NASDAQ:BIRD) last issued its quarterly earnings data 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. The company had revenue of $43.00 million for the quarter, compared to analyst estimates of $42.11 million. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. During the same period in the prior year, the firm earned ($4.20) earnings per share. As a group, research analysts anticipate that Allbirds will post -11.89 EPS for the current year.

Hedge Funds Weigh In On 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) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.