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

Planet Image International Limited (NASDAQ:YIBO) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 5,500 shares, a decline of 37.5% from the December 15th total of 8,800 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 0.3 days.

Planet Image International Trading Down 5.2 %

Shares of Planet Image International stock opened at $2.91 on Wednesday. The stock has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $2.96. Planet Image International has a 52-week low of $1.80 and a 52-week 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.