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

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 518,500 shares, a growth of 9.0% from the August 31st total of 475,700 shares. Based on an average daily trading volume, of 64,400 shares, the short-interest ratio is currently 8.1 days. Currently, 9.9% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, Director Timothy O. Brown sold 50,000 shares of Allbirds stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $0.59, for a total value of $29,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Timothy O. Brown sold 50,000 shares of Allbirds stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $0.59, for a total value of $29,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Vernachio sold 47,340 shares of Allbirds stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $0.60, for a total transaction of $28,404.00. Following the completion of the sale, the chief executive officer now owns 870,720 shares in the company, valued at $522,432. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,840 shares of company stock worth $68,404. Company insiders own 45.50% of the company’s stock.

Institutional Investors Weigh In On Allbirds

A hedge fund recently bought a new stake in Allbirds stock. CastleKnight Management LP bought a new stake in Allbirds, Inc. (NASDAQ:BIRD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 284,000 shares of the company’s stock, valued at approximately $348,000. CastleKnight Management LP owned 0.19% of Allbirds as of its most recent filing with the Securities and Exchange Commission (SEC). 44.07% of the stock is currently owned by hedge funds and other institutional investors.

Allbirds Price Performance

BIRD stock traded up $0.28 during midday trading on Friday, reaching $11.91. 30,865 shares of the company were exchanged, compared to its average volume of 55,458. The business has a 50-day moving average price of $4.31 and a two-hundred day moving average price of $1.90. Allbirds has a one year low of $9.06 and a one year high of $29.00. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -12.54 and a beta of 1.79.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Allbirds had a negative net margin of 61.24% and a negative return on equity of 61.22%. The firm had revenue of $51.58 million during the quarter, compared to analysts’ expectations of $50.34 million. During the same period in the previous year, the business posted ($0.18) earnings per share. As a group, analysts anticipate that Allbirds will post -12.27 earnings per share for the current fiscal year.

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.