Infobird Co., Ltd (NASDAQ:IFBD) Sees Significant Decrease in Short Interest

Infobird Co., Ltd (NASDAQ:IFBD) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 81,500 shares, a decrease of 13.8% from the October 15th total of 94,600 shares. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.1% of the company’s shares are sold short.

Infobird Price Performance

Shares of IFBD stock traded down $0.01 during mid-day trading on Monday, hitting $1.86. 28,180 shares of the company’s stock were exchanged, compared to its average volume of 326,570. Infobird has a fifty-two week low of $1.63 and a fifty-two week high of $54.64. The stock has a 50-day simple moving average of $1.96 and a two-hundred day simple moving average of $2.61.

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.