Short Interest in Cloudastructure Inc. (NASDAQ:CSAI) Rises By 93.7%

Cloudastructure Inc. (NASDAQ:CSAI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 65,321 shares, a growth of 93.7% from the August 15th total of 33,724 shares. Based on an average daily volume of 74,087 shares, the days-to-cover ratio is presently 0.9 days. Currently, 9.6% of the shares of the company are short sold.

Cloudastructure Price Performance

Shares of CSAI traded down $0.74 during mid-day trading on Tuesday, hitting $3.27. The company’s stock had a trading volume of 465,197 shares, compared to its average volume of 30,602. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.96 and a quick ratio of 4.71. The firm has a 50-day moving average price of $6.71 and a 200 day moving average price of $12.50. Cloudastructure has a fifty-two week low of $3.21 and a fifty-two week high of $69.15. The stock has a market capitalization of $2.84 million, a price-to-earnings ratio of -0.23 and a beta of 1.15.

Cloudastructure (NASDAQ:CSAI) last released its earnings results on Tuesday, August 18th. The company reported ($2.32) EPS for the quarter, beating the consensus estimate of ($2.70) by $0.38. The business had revenue of $1.23 million during the quarter. Cloudastructure had a negative net margin of 145.25% and a negative return on equity of 167.05%. On average, research analysts predict that Cloudastructure will post -9.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CSAI shares. Wall Street Zen downgraded Cloudastructure to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. Finally, Maxim Group cut their target price on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.00.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.