Allbirds, Inc. (NASDAQ:BIRD) Short Interest Down 8.6% in October

Allbirds, Inc. (NASDAQ:BIRD) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 490,500 shares, a decline of 8.6% from the September 30th total of 536,400 shares. Approximately 9.4% of the company’s shares are sold short. Based on an average trading volume of 49,300 shares, the short-interest ratio is presently 9.9 days.

Allbirds Price Performance

NASDAQ:BIRD opened at $11.03 on Friday. Allbirds has a 1-year low of $9.06 and a 1-year high of $29.00. The company has a market capitalization of $86.99 million, a PE ratio of -0.63 and a beta of 1.78. The firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $12.02.

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

Insider Activity at Allbirds

In related news, Director Timothy O. Brown sold 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $11.80, for a total transaction of $29,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Timothy O. Brown sold 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $11.80, for a total value of $29,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Vernachio sold 2,367 shares of Allbirds stock in a transaction that occurred 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 sale, the chief executive officer now owns 43,536 shares in the company, valued at $522,432. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,742 shares of company stock worth $68,404 over the last quarter. Corporate insiders own 45.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Allbirds stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds at the end of the most recent reporting period. 44.07% of the stock is owned by institutional investors.

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.