CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Up 348.9% in August

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 156,804 shares, an increase of 348.9% from the July 30th total of 34,929 shares. Based on an average trading volume of 528,690 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DAIC. Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Wall Street Zen raised shares of CID Holdco to a “sell” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CID Holdco has a consensus rating of “Sell”.

Institutional Trading of CID Holdco

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares in the last quarter. Blue Owl Capital Holdings LP purchased a new stake in CID Holdco in the 4th quarter worth $251,000. Millennium Management LLC acquired a new position in CID Holdco during the third quarter worth $211,000. Moore Capital Management LP acquired a new position in CID Holdco during the third quarter worth $398,000. Finally, Bank of America Corp DE purchased a new position in CID Holdco during the second quarter valued at $2,267,000.

CID Holdco Price Performance

Shares of NASDAQ:DAIC traded up $1.22 during trading on Wednesday, reaching $5.10. 32,673,484 shares of the company’s stock traded hands, compared to its average volume of 2,161,712. CID Holdco has a fifty-two week low of $0.37 and a fifty-two week high of $111.96. The company has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $3.77.

CID Holdco, Inc is a technology company in the Application Software industry.