Short Interest in Planet Image International Limited (NASDAQ:YIBO) Expands By 536.8%

Key Points

• Planet Image International Limited (NASDAQ:YIBO) experienced a massive increase in short interest, rising by 536.8% in July, totaling 43,300 shares compared to 6,800 shares at the end of June.
• The stock has a short-interest ratio of 0.4 days based on an average daily volume of 105,500 shares, with approximately 2.4% of its shares being short sold.
• As of the latest trading session, NASDAQ:YIBO shares opened at $1.50, with a one-year price range between $0.95 and $17.47.

Planet Image International Limited (NASDAQ:YIBO - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 43,300 shares, agrowthof536.8% from the June 30th total of 6,800 shares. Currently,2.4% of the company's shares are short sold. Based on an average daily volume of 105,500 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 105,500 shares, the days-to-cover ratio is presently 0.4 days. Currently,2.4% of the company's shares are short sold.

Planet Image International Stock Performance

Shares of YIBO stock traded down $0.01 on Tuesday, reaching $1.55. The company had a trading volume of 13,096 shares, compared to its average volume of 727,620. The company has a 50-day moving average of $1.47 and a 200-day moving average of $1.65. Planet Image International has a 12 month low of $0.95 and a 12 month high of $17.47.

Planet Image International Company Profile

Planet Image International Limited, through its subsidiaries, manufactures and sells compatible toner cartridges on a white-label or third-party brand basis in the People's Republic of China and internationally. The company also sells branded products through online sales channels under the TrueImage, CoolToner, and AZtech brands.