Cloudastructure Inc. (NASDAQ:CSAI) Sees Significant Decline in Short Interest

Cloudastructure Inc. (NASDAQ:CSAI) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 38,812 shares, a drop of 52.6% from the September 30th total of 81,848 shares. Based on an average daily trading volume, of 31,214 shares, the short-interest ratio is presently 1.2 days. Currently, 5.7% of the company’s stock are sold short.

Cloudastructure Stock Performance

Shares of CSAI stock traded down $0.14 on Friday, hitting $2.15. 8,432 shares of the stock were exchanged, compared to its average volume of 19,170. The firm’s 50 day moving average is $3.37 and its two-hundred day moving average is $12.32. Cloudastructure has a one year low of $2.03 and a one year high of $69.15. The firm has a market capitalization of $1.87 million, a PE ratio of -0.15 and a beta of 1.29. The company has a current ratio of 4.96, a quick ratio of 4.71 and a debt-to-equity ratio of 0.37.

Cloudastructure (NASDAQ:CSAI) last announced its quarterly earnings data on Tuesday, August 18th. The company reported ($2.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.70) by $0.38. The business had revenue of $1.23 million for the quarter. Cloudastructure had a negative return on equity of 167.05% and a negative net margin of 145.25%. Sell-side analysts expect that Cloudastructure will post -9.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSAI. Wall Street Zen downgraded shares of Cloudastructure to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research report on Friday, October 2nd. Finally, Maxim Group decreased their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

About Cloudastructure

Cloudastructure, Inc (NASDAQ: CSAI) provides cloud-based physical security and video surveillance solutions. Its platform is designed to help organizations manage security cameras and related systems remotely, while using artificial intelligence and computer-vision tools to analyze video and identify potentially significant events.

The company’s offerings include cloud video management, video surveillance, security monitoring, and analytics capabilities. These tools are intended to support applications such as facility protection, incident detection, access oversight, and the review of recorded video without requiring organizations to maintain extensive on-site video storage and processing infrastructure.

Cloudastructure serves commercial and other institutional users seeking centralized, scalable security technology.