Allbirds, Inc. (NASDAQ:BIRD) Short Interest Update

Allbirds, Inc. (NASDAQ:BIRD - Get Free Report) saw 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. Currently, 9.4% of the company's stock are short sold. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is currently 9.9 days.

Allbirds Trading Up 1.2 %

Allbirds stock traded up $0.13 during midday trading on Wednesday, hitting $11.27. The stock had a trading volume of 32,461 shares, compared to its average volume of 54,755. The stock has a market cap of $1.76 billion, a P/E ratio of -11.86 and a beta of 1.78. Allbirds has a 12 month low of $9.06 and a 12 month high of $29.00. The business has a fifty day moving average price of $11.71 and a 200 day moving average price of $12.03.

Allbirds (NASDAQ:BIRD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($2.40) earnings per share for the quarter, beating the consensus estimate of ($3.60) by $1.20. The firm 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 period in the previous year, the company earned ($3.60) earnings per share. On average, equities analysts anticipate that Allbirds will post -12.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Joseph Vernachio sold 2,367 shares of Allbirds stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total transaction of $28,404.00. Following the sale, the chief executive officer now directly owns 43,536 shares of the company's stock, valued at approximately $522,432. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Timothy O. Brown sold 2,500 shares of the business's stock in a transaction dated 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 through this link. Also, CEO Joseph Vernachio sold 2,367 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the sale, the chief executive officer now directly owns 43,536 shares of the company's stock, valued at approximately $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. 45.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allbirds

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

About Allbirds

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.