Helport AI Limited (NASDAQ:HPAI) Short Interest Up 144.8% in July

Helport AI Limited (NASDAQ:HPAI) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 454,765 shares, an increase of 144.8% from the July 15th total of 185,772 shares. Based on an average daily volume of 938,244 shares, the short-interest ratio is presently 0.5 days. Approximately 1.4% of the company’s shares are sold short.

Helport AI Trading Down 3.8%

Shares of NASDAQ HPAI traded down $0.02 during mid-day trading on Friday, reaching $0.46. The company had a trading volume of 379,877 shares, compared to its average volume of 514,482. Helport AI has a twelve month low of $0.40 and a twelve month high of $4.57. The stock’s 50 day moving average is $0.60 and its 200-day moving average is $1.56.

Helport AI (NASDAQ:HPAI) last released its quarterly earnings data on Friday, June 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $8.83 million during the quarter.

Hedge Funds Weigh In On Helport AI

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Helport AI in a research report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Helport AI has a consensus 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.