Short Interest in Allbirds, Inc. (NASDAQ:BIRD) Increases By 14.2%

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 704,200 shares, a growth of 14.2% from the December 31st total of 616,800 shares. Currently, 13.4% of the company’s shares are short sold. Based on an average daily volume of 69,800 shares, the short-interest ratio is currently 10.1 days.

Allbirds Stock Performance

NASDAQ BIRD opened at $6.35 on Monday. The firm has a market cap of $50.36 million, a price-to-earnings ratio of -0.39 and a beta of 1.61. The firm has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $9.99. Allbirds has a one year low of $6.09 and a one year high of $21.20.

Allbirds (NASDAQ:BIRD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.68) EPS for the quarter, beating the consensus estimate of ($3.13) by $0.45. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. The company had revenue of $43.00 million during the quarter, compared to analysts’ expectations of $42.11 million. During the same quarter last year, the company posted ($4.20) EPS. Equities analysts predict that Allbirds will post -11.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their price target on Allbirds from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Allbirds, Inc. (NASDAQ:BIRD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,730 shares of the company’s stock, valued at approximately $138,000. Jacobs Levy Equity Management Inc. owned approximately 0.15% of Allbirds as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 44.07% of the company’s stock.

Allbirds Company Profile

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.