CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 34,929 shares, a growth of 94.2% from the July 15th total of 17,985 shares. Based on an average daily volume of 528,414 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DAIC. Blue Owl Capital Holdings LP acquired a new position in CID Holdco during the 4th quarter worth $251,000. Bank of America Corp DE acquired a new position in shares of CID Holdco during the second quarter valued at $2,267,000. Bank of Montreal Can raised its stake in shares of CID Holdco by 97.0% during the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after purchasing an additional 97,000 shares in the last quarter. Moore Capital Management LP bought a new stake in shares of CID Holdco during the third quarter valued at about $398,000. Finally, Millennium Management LLC acquired a new stake in CID Holdco in the third quarter worth about $211,000.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Weiss Ratings upgraded CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. Wall Street Zen raised CID Holdco to a “sell” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CID Holdco presently has an average rating of “Sell”.
CID Holdco Stock Performance
Shares of NASDAQ DAIC traded down $0.08 during midday trading on Friday, hitting $0.49. 669,365 shares of the company’s stock were exchanged, compared to its average volume of 432,192. The stock’s 50 day moving average price is $1.42 and its 200-day moving average price is $4.22. CID Holdco has a twelve month low of $0.41 and a twelve month high of $130.13.
CID Holdco, Inc is a technology company in the Application Software industry.
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