Giftify, Inc. (NASDAQ:GIFT) Short Interest Up 121.0% in March
by Teresa Graham · The Cerbat GemGiftify, Inc. (NASDAQ:GIFT – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 57,450 shares, a growth of 121.0% from the March 15th total of 26,000 shares. Based on an average trading volume of 100,461 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Trading of Giftify
Institutional investors and hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP raised its position 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 during the period. Blair William & Co. IL raised its position in shares of Giftify by 280.0% during the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after purchasing an additional 70,000 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify during the third quarter valued at $160,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Report on Giftify
Giftify Stock Performance
GIFT traded up $0.01 during trading on Friday, hitting $1.05. The company’s stock had a trading volume of 102,194 shares, compared to its average volume of 115,459. The company has a quick ratio of 0.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. Giftify has a one year low of $0.74 and a one year high of $2.08. The firm has a market cap of $35.33 million, a PE ratio of -3.00 and a beta of -1.46. The business’s 50 day simple moving average is $0.94 and its 200-day simple moving average is $1.03.
Giftify (NASDAQ:GIFT – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Giftify had a negative return on equity of 48.57% and a negative net margin of 12.61%.The business had revenue of $21.22 million during the quarter, compared to the consensus estimate of $19.60 million.
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.