Allbirds, Inc. (NASDAQ:BIRD) Short Interest Update

Allbirds, Inc. (NASDAQ:BIRD) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 490,500 shares, a drop of 8.6% from the September 30th total of 536,400 shares. Currently, 9.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,300 shares, the days-to-cover ratio is currently 9.9 days.

Allbirds Stock Down 2.1 %

NASDAQ BIRD opened at $11.03 on Friday. The company has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $12.02. Allbirds has a 12-month low of $9.06 and a 12-month high of $29.00. The firm has a market cap of $86.99 million, a price-to-earnings ratio of -0.63 and a beta of 1.78.

Allbirds (NASDAQ:BIRD) last issued its earnings results on Wednesday, August 7th. The company reported ($2.40) earnings per share for the quarter, beating the consensus estimate of ($3.60) by $1.20. The company had revenue of $51.58 million during the quarter, compared to analysts’ expectations of $50.34 million. Allbirds had a negative return on equity of 61.22% and a negative net margin of 61.24%. During the same period in the prior year, the business posted ($3.60) EPS. Equities analysts expect that Allbirds will post -12.57 earnings per share for the current fiscal year.

Insider Activity

In other Allbirds news, Director Timothy O. Brown sold 2,500 shares of Allbirds stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $11.80, for a total transaction of $29,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Joseph Vernachio sold 2,367 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the sale, the chief executive officer now owns 43,536 shares of the company’s stock, valued at approximately $522,432. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy O. Brown sold 2,500 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $11.80, for a total transaction of $29,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,742 shares of company stock worth $68,404. 45.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned about 0.08% of Allbirds at the end of the most recent reporting period. Institutional investors own 44.07% of the company’s stock.

Allbirds Company Profile

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.