Infobird Co., Ltd (NASDAQ:IFBD) Sees Large Drop in Short Interest

Infobird Co., Ltd (NASDAQ:IFBD) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 16,900 shares, a drop of 23.2% from the February 13th total of 22,000 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 38,400 shares, the short-interest ratio is currently 0.4 days.

Infobird Stock Performance

Shares of IFBD stock traded up $0.10 during mid-day trading on Monday, hitting $1.69. The company’s stock had a trading volume of 881 shares, compared to its average volume of 252,552. Infobird has a 52 week low of $1.38 and a 52 week high of $6.95. The company’s fifty day simple moving average is $1.92 and its 200-day simple moving average is $2.03.

Infobird Company Profile

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.