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

Planet Image International Limited (NASDAQ:YIBO) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 35,472 shares, a drop of 39.4% from the July 30th total of 58,521 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,157 shares, the days-to-cover ratio is currently 5.0 days.

Planet Image International Price Performance

YIBO stock traded up $0.03 during mid-day trading on Monday, reaching $1.30. 342 shares of the company’s stock were exchanged, compared to its average volume of 232,902. The stock’s 50 day moving average is $1.15 and its 200 day moving average is $1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.57. Planet Image International has a 12-month low of $0.63 and a 12-month high of $1.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC purchased a new position in Planet Image International Limited (NASDAQ:YIBO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,600 shares of the company’s stock, valued at approximately $31,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Planet Image International in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.