Planet Image International Limited (NASDAQ:YIBO) Short Interest Down 50.1% in August

Key Points

• Planet Image International Limited saw a significant decline in short interest, dropping by 50.1% in August, with total short interest of 21,900 shares as of August 15th.
• The company’s stock price opened at $1.57, with shares up 17.2%, and has a 52-week trading range of $0.95 to $17.47.
• Only 1.2% of the company's shares are currently short sold, equating to a short-interest ratio of 0.4 days based on an average trading volume of 53,500 shares.

Planet Image International Limited (NASDAQ:YIBO - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 21,900 shares, a decline of 50.1% from the July 31st total of 43,900 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 53,500 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 53,500 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.2% of the shares of the stock are sold short.

Planet Image International Stock Up 12.3%

YIBO traded up $0.17 during midday trading on Tuesday, reaching $1.51. 139,706 shares of the company's stock were exchanged, compared to its average volume of 633,640. The business has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.39. Planet Image International has a one year low of $0.95 and a one year high of $17.47.

About Planet Image International

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.