Short Interest in Planet Image International Limited (NASDAQ:YIBO) Decreases By 43.3%

Key Points

• Short interest in Planet Image International Limited decreased by 43.3% in September, with total short shares dropping from 24,500 to 13,900.
• The stock currently has an average daily volume of 40,100 shares and a short-interest ratio of only 0.3 days, indicating low trading pressure.
• Despite this decrease in short interest, analysts maintain a "sell" rating on the stock, reflecting concerns over its performance and market prospects.

Planet Image International Limited (NASDAQ:YIBO - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 13,900 shares, a decrease of 43.3% from the September 15th total of 24,500 shares. Based on an average daily volume of 40,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 40,100 shares, the short-interest ratio is currently 0.3 days.

Planet Image International Stock Up 0.8%

Planet Image International stock opened at $1.29 on Tuesday. The firm's 50 day simple moving average is $1.35 and its 200 day simple moving average is $1.38. Planet Image International has a 1-year low of $0.95 and a 1-year high of $17.47.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Planet Image International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Planet Image International currently has a consensus rating of "Sell".

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.

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