Short Interest in Infobird Co., Ltd (NASDAQ:IFBD) Drops By 55.4%

Infobird Co., Ltd (NASDAQ:IFBD – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 15,400 shares, a drop of 55.4% from the April 30th total of 34,500 shares. Based on an average trading volume of 361,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Infobird

A hedge fund recently bought a new stake in Infobird stock. Anson Funds Management LP purchased a new position in shares of Infobird Co., Ltd (NASDAQ:IFBD – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,257,429 shares of the company’s stock, valued at approximately $704,000. Anson Funds Management LP owned approximately 32.92% of Infobird at the end of the most recent quarter. 0.08% of the stock is owned by hedge funds and other institutional investors.

Infobird Trading Up 23.4 %

Shares of IFBD stock opened at $1.37 on Friday. The business’s 50 day moving average is $2.18 and its two-hundred day moving average is $3.61. Infobird has a 12-month low of $0.93 and a 12-month high of $21.17.

About Infobird

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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. It offers customer relationship management cloud-based services, such as SaaS and business process outsourcing services to its clients.