Helport AI Limited (NASDAQ:HPAI) Short Interest Down 33.5% in May

Helport AI Limited (NASDAQ:HPAI) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 200,141 shares, a drop of 33.5% from the May 14th total of 300,742 shares. Based on an average trading volume of 126,659 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Helport AI in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Helport AI has a consensus rating of “Sell”.

Helport AI Price Performance

Shares of HPAI opened at $0.76 on Tuesday. Helport AI has a 1 year low of $0.61 and a 1 year high of $5.22. The stock has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $2.57.

Hedge Funds Weigh In On Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. bought a new position in Helport AI Limited (NASDAQ:HPAI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.

Helport AI Company Profile

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.