Giftify, Inc. (NASDAQ:GIFT) Sees Large Increase in Short Interest
by Scott Moore · The Cerbat GemGiftify, Inc. (NASDAQ:GIFT – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 82,351 shares, an increase of 28.6% from the November 30th total of 64,017 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 30,281 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 30,281 shares, the short-interest ratio is currently 2.7 days. Currently, 0.3% of the shares of the stock are sold short.
Giftify Stock Performance
Shares of Giftify stock opened at $1.10 on Thursday. The firm has a fifty day moving average of $1.08 and a two-hundred day moving average of $1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.50 and a current ratio of 0.82. The stock has a market capitalization of $34.06 million, a price-to-earnings ratio of -2.62 and a beta of -2.03. Giftify has a 52 week low of $0.82 and a 52 week high of $2.38.
Giftify (NASDAQ:GIFT – Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $23.40 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.00.
Read Our Latest Report on GIFT
Institutional Trading of Giftify
A number of large investors have recently made changes to their positions in GIFT. Blair William & Co. IL lifted its holdings in Giftify by 150.0% during the second quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock worth $38,000 after acquiring an additional 15,000 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in shares of Giftify in the 3rd quarter valued at approximately $160,000.
Giftify Company Profile
Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.
Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.