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

Infobird Co., Ltd (NASDAQ:IFBD) saw 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. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.9% of the shares of the stock are short sold.

Infobird Stock Up 6.0 %

NASDAQ:IFBD traded up $0.10 during trading hours on Monday, hitting $1.69. 881 shares of the company were exchanged, compared to its average volume of 252,552. Infobird has a one year low of $1.38 and a one year high of $6.95. The company has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $2.03.

About Infobird

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.