Helport AI Limited (NASDAQ:HPAI) Sees Significant Growth in Short Interest

Helport AI Limited (NASDAQ:HPAI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 300,742 shares, an increase of 318.3% from the April 30th total of 71,898 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,957,392 shares, the days-to-cover ratio is currently 0.1 days.

Helport AI Stock Up 2.0%

HPAI opened at $0.90 on Friday. The stock’s 50 day moving average price is $1.54 and its 200-day moving average price is $2.74. Helport AI has a one year low of $0.86 and a one year high of $5.29.

Institutional Trading of Helport AI

A hedge fund recently bought a new stake in Helport AI stock. Goldman Sachs Group Inc. purchased a new stake in Helport AI Limited (NASDAQ:HPAI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Helport AI in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Helport AI has an average rating of “Sell”.

About Helport AI

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.