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

Planet Image International Limited (NASDAQ:YIBO - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 34,800 shares, a decline of 21.4% from the October 15th total of 44,300 shares. Based on an average trading volume of 36,300 shares, the short-interest ratio is currently 1.0 days. Currently, 2.0% of the shares of the stock are short sold.

Planet Image International Stock Performance

Shares of YIBO remained flat at $3.70 during mid-day trading on Friday. 5,644 shares of the stock were exchanged, compared to its average volume of 185,516. The business's fifty day moving average price is $3.03 and its 200 day moving average price is $2.53. Planet Image International has a one year low of $1.80 and a one year high of $7.83.

Planet Image International Company Profile

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.