Core AI Holdings (NASDAQ:CHAI) Sees Significant Drop in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 378,959 shares, a decline of 42.7% from the June 15th total of 661,131 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 877,891 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Core AI Price Performance

Shares of Core AI stock traded up $0.01 during trading on Thursday, hitting $0.46. 110,364 shares of the company were exchanged, compared to its average volume of 2,075,520. The firm has a market capitalization of $9.08 million, a P/E ratio of -0.10 and a beta of 1.99. The firm’s fifty day moving average price is $0.95 and its 200 day moving average price is $1.35. Core AI has a 1-year low of $0.45 and a 1-year high of $18.40.

Core AI (NASDAQ:CHAI) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.14) earnings per share for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%. The firm had revenue of $3.77 million during the quarter.

Institutional Trading of Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC bought a new stake in Core AI Holdings (NASDAQ:CHAI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is currently owned by hedge funds and other institutional investors.

Core AI Company Profile

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.