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

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

Hedge Funds Weigh In On Allbirds

A hedge fund recently bought a new stake in Allbirds stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Allbirds, Inc. (NASDAQ:BIRD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned about 0.08% of Allbirds as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 44.07% of the company’s stock.

Allbirds Stock Down 0.3 %

BIRD traded down $0.02 on Friday, reaching $6.95. The company’s stock had a trading volume of 16,904 shares, compared to its average volume of 58,274. The company has a market capitalization of $55.11 million, a price-to-earnings ratio of -0.43 and a beta of 1.61. Allbirds has a fifty-two week low of $6.11 and a fifty-two week high of $22.40. The stock has a 50 day moving average of $7.52 and a two-hundred day moving average of $10.36.

Allbirds (NASDAQ:BIRD) last issued its earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.13) by $0.45. The business 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 business posted ($4.20) EPS. As a group, analysts anticipate that Allbirds will post -11.89 earnings per share for the current fiscal year.

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.