Giftify, Inc. (NASDAQ:GIFT) Stock Short Interest Report for September

Giftify, Inc. (NASDAQ:GIFT) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 51,789 shares, an increase of 144.5% from the September 15th total of 21,179 shares. Based on an average trading volume of 69,976 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Giftify

Several hedge funds have recently made changes to their positions in GIFT. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in shares of Giftify during the first quarter worth about $142,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Giftify in the 1st quarter valued at about $100,000. Finally, BlackRock Inc. purchased a new stake in shares of Giftify in the 2nd quarter valued at about $82,000.

Giftify Trading Up 15.4%

Shares of Giftify stock opened at $0.66 on Thursday. The company has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.88. Giftify has a 12-month low of $0.44 and a 12-month high of $1.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.58 and a current ratio of 1.02.

Giftify (NASDAQ:GIFT) last posted its earnings results on Monday, August 3rd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%. The firm had revenue of $21.75 million for the quarter, compared to the consensus estimate of $20.20 million. As a group, equities analysts expect that Giftify will post -0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GIFT. Zacks Research raised Giftify to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Friday, October 2nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Giftify Company Profile

Giftify, Inc is a technology company that provides digital gift card and customer engagement solutions for shopping centers, retail destinations and other commercial properties. Its platform is designed to help property owners and merchants offer branded gifting programs while supporting customer acquisition, retention and spending across participating locations.

The company’s services include digital and physical gift card programs, promotional campaigns, loyalty and rewards features, and related tools for managing transactions and customer engagement.