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

Allbirds, Inc. (NASDAQ:BIRD) saw a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 69,800 shares, the days-to-cover ratio is presently 10.1 days. Approximately 13.4% of the company’s stock are short sold.

Allbirds Stock Down 0.3 %

Shares of Allbirds stock traded down $0.02 on Friday, hitting $6.95. The company had a trading volume of 16,904 shares, compared to its average volume of 58,274. Allbirds has a twelve month low of $6.11 and a twelve month high of $22.40. The stock has a 50-day moving average of $7.52 and a 200-day moving average of $10.37.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($4.20) earnings per share. On average, equities research analysts anticipate that Allbirds will post -11.89 EPS for the current fiscal year.

Institutional Trading of Allbirds

A hedge fund recently bought a new stake in Allbirds stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Allbirds, Inc. (NASDAQ:BIRD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds at the end of the most recent quarter. 44.07% of the stock is currently owned by hedge funds and other institutional investors.

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.