Allbirds, Inc. (NASDAQ:BIRD) Sees Large Growth in Short Interest

Allbirds, Inc. (NASDAQ:BIRD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 518,500 shares, a growth of 9.0% from the August 31st total of 475,700 shares. Currently, 9.9% of the company’s shares are short sold. Based on an average trading volume of 64,400 shares, the days-to-cover ratio is presently 8.1 days.

Insider Activity at Allbirds

In other Allbirds news, Director Timothy O. Brown sold 50,000 shares of Allbirds stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $0.59, for a total value of $29,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Allbirds news, Director Timothy O. Brown sold 50,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $0.59, for a total value of $29,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph Vernachio sold 47,340 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $0.60, for a total transaction of $28,404.00. Following the completion of the transaction, the chief executive officer now owns 870,720 shares in the company, valued at approximately $522,432. The disclosure for this sale can be found here. Insiders sold 114,840 shares of company stock worth $68,404 in the last ninety days. 45.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Allbirds, Inc. (NASDAQ:BIRD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds as of its most recent filing with the SEC. 44.07% of the stock is owned by institutional investors.

Allbirds Trading Down 2.8 %

NASDAQ BIRD traded down $0.33 on Monday, hitting $11.58. The company’s stock had a trading volume of 41,045 shares, compared to its average volume of 55,381. The firm has a market cap of $1.80 billion, a P/E ratio of -12.63 and a beta of 1.79. Allbirds has a 52-week low of $9.06 and a 52-week high of $29.00. The company’s 50-day simple moving average is $4.31 and its 200 day simple moving average is $1.91.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The company had revenue of $51.58 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted ($0.18) earnings per share. On average, research analysts forecast that Allbirds will post -12.27 EPS for the current fiscal year.

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.