Allbirds, Inc. (NASDAQ:BIRD – Get Rating) was the recipient of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 6,110,000 shares, a decrease of 6.4% from the December 15th total of 6,530,000 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is presently 4.0 days.
Allbirds Stock Up 0.7 %
Allbirds stock opened at $2.70 on Wednesday. The business’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $3.49. The stock has a market cap of $403.25 million, a price-to-earnings ratio of -4.43 and a beta of 1.79. Allbirds has a 12-month low of $2.14 and a 12-month high of $12.92.
Allbirds (NASDAQ:BIRD – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. The business had revenue of $72.65 million for the quarter, compared to analysts’ expectations of $67.27 million. Allbirds had a negative return on equity of 19.91% and a negative net margin of 27.97%. As a group, sell-side analysts expect that Allbirds will post -0.54 EPS for the current year.
Analyst Upgrades and Downgrades
Hedge Funds Weigh In On Allbirds
Several hedge funds have recently added to or reduced their stakes in BIRD. Aspiriant LLC bought a new position in Allbirds in the fourth quarter valued at about $26,000. Centaurus Financial Inc. bought a new position in Allbirds in the third quarter valued at about $31,000. Victory Capital Management Inc. bought a new position in Allbirds during the third quarter worth about $32,000. Performa Ltd US LLC boosted its holdings in Allbirds by 131.6% during the third quarter. Performa Ltd US LLC now owns 11,000 shares of the company’s stock worth $33,000 after buying an additional 6,250 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Allbirds during the third quarter worth about $33,000. Institutional investors own 33.14% of the company’s stock.
Allbirds, Inc manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks.
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