Planet Image International Limited (NASDAQ:YIBO) Short Interest Down 39.4% in August

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 35,472 shares, a decrease of 39.4% from the July 30th total of 58,521 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 7,157 shares, the short-interest ratio is presently 5.0 days.

Planet Image International Stock Performance

Planet Image International stock traded down $0.01 during trading hours on Tuesday, hitting $1.27. The stock had a trading volume of 1,236 shares, compared to its average volume of 7,132. The stock’s 50-day moving average price is $1.16 and its 200-day moving average price is $1.05. Planet Image International has a 12-month low of $0.63 and a 12-month high of $1.82. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Planet Image International in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC bought a new stake in shares of Planet Image International Limited (NASDAQ:YIBO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Company Profile

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.