Giftify, Inc. (NASDAQ:GIFT) Short Interest Up 25.5% in January

Giftify, Inc. (NASDAQ:GIFT) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 65,485 shares, a growth of 25.5% from the December 31st total of 52,175 shares. Based on an average daily volume of 77,542 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 77,542 shares, the short-interest ratio is currently 0.8 days.

Giftify Stock Performance

Shares of GIFT stock remained flat at $1.04 on Tuesday. 12,436 shares of the company traded hands, compared to its average volume of 83,450. The stock has a market cap of $32.20 million, a PE ratio of -2.48 and a beta of -1.53. The firm’s 50 day moving average is $1.08 and its two-hundred day moving average is $1.07. Giftify has a 52 week low of $0.85 and a 52 week high of $2.38. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

Giftify (NASDAQ:GIFT) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%. The business had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $23.40 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.00.

Hedge Funds Weigh In On Giftify

Several institutional investors and hedge funds have recently bought and sold shares of GIFT. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify in the 3rd quarter worth approximately $160,000. Blair William & Co. IL boosted its stake in shares of Giftify by 280.0% during the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after purchasing an additional 70,000 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in shares of Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after purchasing an additional 17,234 shares during the last quarter.

Giftify Company Profile

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.