Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 512,069 shares, a decrease of 85.3% from the August 31st total of 3,474,071 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 910,279 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

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

Core AI Stock Down 4.9%

Shares of NASDAQ CHAI traded down $0.01 during mid-day trading on Friday, hitting $0.27. 532,014 shares of the company were exchanged, compared to its average volume of 16,495,829. The stock has a 50 day simple moving average of $0.32 and a 200-day simple moving average of $0.80. Core AI has a 1-year low of $0.23 and a 1-year high of $15.68. The firm has a market cap of $5.42 million, a price-to-earnings ratio of -0.14 and a beta of 2.07.

Core AI (NASDAQ:CHAI) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) EPS for the quarter. Core AI had a negative return on equity of 226.72% and a negative net margin of 68.53%.The firm had revenue of $22.35 million for the quarter.

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.