Core AI Holdings (NASDAQ:CHAI) Short Interest Up 571.1% in July

Core AI Holdings (NASDAQ:CHAI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,313,509 shares, an increase of 571.1% from the July 15th total of 195,731 shares. Based on an average daily volume of 23,871,296 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI at the end of the most recent quarter. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Core AI Price Performance

CHAI stock traded down $0.00 during trading on Thursday, hitting $0.29. 415,698 shares of the stock traded hands, compared to its average volume of 3,729,186. The stock has a market cap of $5.88 million, a price-to-earnings ratio of -0.07 and a beta of 2.02. Core AI has a 1 year low of $0.29 and a 1 year high of $15.68. The firm’s 50 day moving average is $0.66 and its two-hundred day moving average is $1.11.

Core AI (NASDAQ:CHAI) last issued its earnings results on Tuesday, June 30th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $3.77 million during the quarter. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.

About Core AI

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.