Planet Image International Limited (NASDAQ:YIBO – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 105,227 shares, a decrease of 20.8% from the February 26th total of 132,828 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 12,569 shares, the short-interest ratio is currently 8.4 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
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Planet Image International Stock Performance
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Planet Image International stock. SmartHarvest Portfolios LLC purchased a new position in Planet Image International Limited (NASDAQ:YIBO – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,600 shares of the company’s stock, valued at approximately $31,000.
About Planet Image International
Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.
In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.
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