CID Holdco, Inc. (NASDAQ:DAIC) Sees Large Decrease in Short Interest

CID Holdco, Inc. (NASDAQ:DAIC) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 192,184 shares, a decrease of 24.2% from the February 12th total of 253,375 shares. Based on an average daily volume of 143,718 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 143,718 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CID Holdco in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

CID Holdco Stock Performance

Shares of DAIC stock traded down $0.00 on Friday, reaching $0.24. The company had a trading volume of 681,691 shares, compared to its average volume of 563,031. The company has a 50-day moving average of $0.34 and a 200-day moving average of $1.71. CID Holdco has a 12 month low of $0.21 and a 12 month high of $75.00.

CID Holdco (NASDAQ:DAIC) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $4.55 million for the quarter.

Hedge Funds Weigh In On CID Holdco

A number of hedge funds and other institutional investors have recently made changes to their positions in DAIC. Highbridge Capital Management LLC acquired a new position in shares of CID Holdco in the 2nd quarter valued at $513,000. DecisionPoint Financial LLC bought a new stake in shares of CID Holdco in the 2nd quarter valued at $158,000. Sandia Investment Management LP acquired a new stake in CID Holdco during the 2nd quarter worth $112,000. Bank of America Corp DE bought a new position in CID Holdco during the second quarter worth about $2,267,000. Finally, Scratch Capital LLC bought a new position in CID Holdco during the third quarter worth about $27,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.