Allbirds, Inc. (NASDAQ:BIRD) Short Interest Up 14.2% in December

Allbirds, Inc. (NASDAQ:BIRD) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 704,200 shares, an increase of 14.2% from the December 15th total of 616,800 shares. Currently, 13.4% of the company’s stock are short sold. Based on an average trading volume of 69,800 shares, the short-interest ratio is presently 10.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Allbirds, Inc. (NASDAQ:BIRD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds at the end of the most recent quarter. 44.07% of the stock is owned by institutional investors.

Allbirds Price Performance

Shares of NASDAQ BIRD traded down $0.02 during mid-day trading on Friday, hitting $6.95. The company had a trading volume of 16,904 shares, compared to its average volume of 58,274. The company has a market capitalization of $55.11 million, a PE ratio of -0.43 and a beta of 1.61. The business’s 50-day simple moving average is $7.52 and its 200 day simple moving average is $10.36. Allbirds has a 1-year low of $6.11 and a 1-year high of $22.40.

Allbirds (NASDAQ:BIRD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share for the quarter, topping the consensus estimate of ($3.13) by $0.45. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.11 million. Allbirds had a negative return on equity of 65.30% and a negative net margin of 60.43%. During the same quarter in the prior year, the business earned ($4.20) EPS. On average, analysts expect that Allbirds will post -11.89 EPS for the current 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.