Allbirds, Inc. (NASDAQ:BIRD) Short Interest Update

Allbirds, Inc. (NASDAQ:BIRD) was the target of a significant 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. Based on an average daily trading volume, of 69,800 shares, the short-interest ratio is presently 10.1 days. Currently, 13.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allbirds stock. Jacobs Levy Equity Management Inc. purchased a new stake in Allbirds, Inc. (NASDAQ:BIRD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,730 shares of the company’s stock, valued at approximately $138,000. Jacobs Levy Equity Management Inc. owned about 0.15% of Allbirds as of its most recent SEC filing. 44.07% of the stock is owned by institutional investors and hedge funds.

Allbirds Stock Performance

NASDAQ BIRD opened at $6.35 on Monday. Allbirds has a fifty-two week low of $6.09 and a fifty-two week high of $21.20. The firm has a market capitalization of $50.36 million, a P/E ratio of -0.39 and a beta of 1.61. The stock’s fifty day moving average is $7.23 and its two-hundred day moving average is $9.99.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.13) by $0.45. The firm had revenue of $43.00 million during the quarter, compared to analyst estimates 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 firm posted ($4.20) earnings per share. As a group, sell-side analysts forecast that Allbirds will post -11.87 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.