Core AI Holdings (NASDAQ:CHAI) Short Interest Up 481.9% in June

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 661,131 shares, a growth of 481.9% from the May 31st total of 113,618 shares. Based on an average trading volume of 22,543,688 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.6% of the company’s shares are sold short.

Core AI Stock Performance

Shares of Core AI stock traded up $0.01 during midday trading on Friday, reaching $0.70. 199,916 shares of the company’s stock traded hands, compared to its average volume of 2,235,250. The stock has a 50 day moving average of $1.09 and a 200-day moving average of $1.53. Core AI has a 12 month low of $0.66 and a 12 month high of $20.72. The company has a market cap of $13.88 million, a PE ratio of -0.16 and a beta of 1.99.

Core AI (NASDAQ:CHAI) last issued its quarterly earnings data on Thursday, June 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. Core AI had a negative net margin of 55.59% and a negative return on equity of 59.58%. The company had revenue of $3.77 million for the quarter.

Institutional Trading of Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent filing with the SEC. Institutional investors and hedge funds own 9.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Core AI in a report on Tuesday, May 26th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Core AI

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.