Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Shares Shorted: Short Interest Up 1,665.6% in September

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 244,907 shares, a growth of 1,665.6% from the August 31st total of 13,871 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 753,312 shares, the short-interest ratio is currently 0.3 days.

Huachen AI Parking Management Technology Trading Down 1.8%

Shares of NASDAQ:HCAI opened at $0.52 on Friday. Huachen AI Parking Management Technology has a 52-week low of $0.49 and a 52-week high of $25.99. The firm has a fifty day moving average of $3.80 and a 200 day moving average of $6.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HCAI shares. Weiss Ratings lowered Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 10th. Wall Street Zen raised Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huachen AI Parking Management Technology presently has an average rating of “Sell”.

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About Huachen AI Parking Management Technology

(Get Free Report)

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and smart parking solutions. Through its operating subsidiaries, the company manages parking facilities and applies technology to support parking-lot operations, payment collection, space utilization, and related administrative functions.

The company’s services are designed to help parking-lot owners and operators improve operational efficiency and enhance the experience for drivers.

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