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

Infobird Co., Ltd (NASDAQ:IFBD) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 74,600 shares, a growth of 8.1% from the February 29th total of 69,000 shares. Based on an average trading volume of 535,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Infobird

A hedge fund recently bought a new stake in Infobird stock. Anson Funds Management LP bought a new stake in Infobird Co., Ltd (NASDAQ:IFBD) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,257,429 shares of the company’s stock, valued at approximately $704,000. Anson Funds Management LP owned 6.59% of Infobird as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.93% of the company’s stock.

Infobird Stock Performance

NASDAQ:IFBD opened at $3.91 on Thursday. The firm has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $11.17. Infobird has a twelve month low of $3.44 and a twelve month high of $516.32.

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.