Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Stock Short Interest Climbs 1,358.6%

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 838,507 shares, a growth of 1,358.6% from the September 30th total of 57,489 shares. Approximately 204.5% of the company’s stock are short sold. Based on an average trading volume of 5,537,639 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings raised shares of Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Huachen AI Parking Management Technology Stock Performance

HCAI traded up $0.20 on Monday, hitting $3.68. 151,002 shares of the company were exchanged, compared to its average volume of 234,879. The stock’s fifty day moving average is $41.07 and its 200-day moving average is $121.52. Huachen AI Parking Management Technology has a 12 month low of $2.37 and a 12 month high of $519.80.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last posted its quarterly earnings results on Wednesday, September 30th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $1.24 million during the quarter.

Huachen AI Parking Management Technology Company Profile

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.