Planet Image International Limited (NASDAQ:YIBO) Sees Significant Decline in Short Interest

Planet Image International Limited (NASDAQ:YIBO) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 34,800 shares, a decrease of 21.4% from the October 15th total of 44,300 shares. Based on an average trading volume of 36,300 shares, the short-interest ratio is presently 1.0 days. Approximately 2.0% of the company’s shares are short sold.

Planet Image International Stock Performance

YIBO stock opened at $3.70 on Friday. The business has a 50-day moving average price of $3.03 and a 200 day moving average price of $2.53. Planet Image International has a 1-year low of $1.80 and a 1-year high of $7.83.

About Planet Image International

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.