Short Interest in Giftify, Inc. (NASDAQ:GIFT) Increases By 25.5%

Giftify, Inc. (NASDAQ:GIFT) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 65,485 shares, an increase of 25.5% from the December 31st total of 52,175 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 77,542 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 77,542 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Giftify Stock Performance

NASDAQ GIFT remained flat at $1.04 on Tuesday. 12,436 shares of the company’s stock traded hands, compared to its average volume of 83,450. The business has a 50-day moving average of $1.08 and a 200-day moving average of $1.07. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. Giftify has a fifty-two week low of $0.85 and a fifty-two week high of $2.38. The company has a market capitalization of $32.20 million, a P/E ratio of -2.48 and a beta of -1.53.

Giftify (NASDAQ:GIFT) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Giftify had a negative return on equity of 56.95% and a negative net margin of 14.02%.The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $23.40 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Giftify in the third quarter worth approximately $160,000. Blair William & Co. IL increased its holdings in shares of Giftify by 280.0% in the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after buying an additional 17,234 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Giftify presently has an average rating of “Hold” and an average price target of $4.00.

About Giftify

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.