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

Planet Image International Limited (NASDAQ:YIBO) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 21,900 shares, adropof50.1% from the July 31st total of 43,900 shares. Based on an average daily volume of 53,500 shares, the days-to-cover ratio is currently 0.4 days. Currently,1.2% of the company’s stock are short sold. Currently,1.2% of the company’s stock are short sold. Based on an average daily volume of 53,500 shares, the days-to-cover ratio is currently 0.4 days.

Planet Image International Price Performance

YIBO stock opened at $1.34 on Friday. Planet Image International has a twelve month low of $0.95 and a twelve month high of $17.47. The company’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.41.

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.