Fobi AI Inc. (OTCMKTS:FOBIF) Shares Shorted: Short Interest Down 55.8% in September

Fobi AI Inc. (OTCMKTS:FOBIF) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 3,379 shares, a drop of 55.8% from the August 31st total of 7,653 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 26,346 shares, the short-interest ratio is presently 0.1 days.

Fobi AI Price Performance

OTCMKTS:FOBIF remained flat at $0.02 during midday trading on Wednesday. The company had a trading volume of 66,445 shares, compared to its average volume of 99,158. The firm has a market cap of $4.49 million, a price-to-earnings ratio of -1.00 and a beta of -0.05. The business’s 50-day simple moving average is $0.04 and its two-hundred day simple moving average is $0.05. Fobi AI has a 52-week low of $0.00 and a 52-week high of $0.20.

About Fobi AI

Fobi AI Inc is a Vancouver, British Columbia-based technology company that develops data intelligence and mobile-wallet solutions for businesses. Its platform is designed to help organizations distribute digital passes, including loyalty cards, coupons, tickets, memberships and identification credentials, through mobile devices.

The company’s technology is intended to connect digital wallet activity with business data, enabling organizations to engage customers, manage promotions and generate insights from transactions and other interactions.