Giftify, Inc. (NASDAQ:GIFT) Short Interest Down 39.5% in January

Giftify, Inc. (NASDAQ:GIFT) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 39,604 shares, a drop of 39.5% from the January 15th total of 65,485 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 79,562 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 79,562 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL lifted its holdings in shares of Giftify by 150.0% in the second quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock worth $38,000 after buying an additional 15,000 shares in the last quarter. Susquehanna International Group LLP grew its stake in Giftify by 62.1% during the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after acquiring an additional 17,234 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. bought a new stake in Giftify in the 3rd quarter valued at $160,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Giftify presently has an average rating of “Sell”.

Giftify Stock Performance

Shares of NASDAQ GIFT remained flat at $0.98 during midday trading on Friday. 8,211 shares of the stock were exchanged, compared to its average volume of 68,271. The company has a market cap of $30.19 million, a P/E ratio of -2.32 and a beta of -1.53. Giftify has a 1 year low of $0.85 and a 1 year high of $2.38. The business’s 50-day simple moving average is $1.06 and its 200-day simple moving average is $1.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.50.

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.