Short Interest in Infobird Co., Ltd (NASDAQ:IFBD) Increases By 26.1%

Infobird Co., Ltd (NASDAQ:IFBD) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 94,600 shares, an increase of 26.1% from the September 30th total of 75,000 shares. Approximately 4.8% of the company’s stock are sold short. Based on an average trading volume of 31,000 shares, the short-interest ratio is currently 3.1 days.

Infobird Stock Performance

Infobird stock remained flat at $1.95 during mid-day trading on Wednesday. The company had a trading volume of 1,688 shares, compared to its average volume of 344,431. The stock’s 50-day moving average is $1.91 and its 200 day moving average is $2.80. Infobird has a 1 year low of $1.63 and a 1 year high of $54.64.

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.