Planet Image International Limited (NASDAQ:YIBO) Short Interest Update

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 52,583 shares, a decrease of 41.6% from the April 30th total of 89,997 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 35,460 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Planet Image International

A hedge fund recently bought a new stake in Planet Image International stock. SmartHarvest Portfolios LLC bought a new position in Planet Image International Limited (NASDAQ:YIBO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,600 shares of the company’s stock, valued at approximately $31,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Planet Image International in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Planet Image International presently has a consensus rating of “Sell”.

Planet Image International Stock Down 4.4%

YIBO traded down $0.04 during trading hours on Thursday, hitting $0.94. The company’s stock had a trading volume of 6,918 shares, compared to its average volume of 24,058. Planet Image International has a fifty-two week low of $0.63 and a fifty-two week high of $1.82. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $1.01.

Planet Image International (NASDAQ:YIBO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $40.37 million for the quarter.

About Planet Image International

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.