Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Stock Short Interest Report for October

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 18,244 shares, a drop of 97.8% from the October 15th total of 838,507 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 174,324 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HCAI shares. Weiss Ratings upgraded Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Wall Street Zen raised Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Huachen AI Parking Management Technology Stock Down 4.6%

NASDAQ:HCAI traded down $0.15 during trading hours on Thursday, hitting $3.09. 8,371 shares of the company were exchanged, compared to its average volume of 52,197. Huachen AI Parking Management Technology has a 52-week low of $2.01 and a 52-week high of $519.80. The company’s 50 day moving average price is $15.44 and its 200-day moving average price is $108.11.

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 (EPS) 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 Inc. is a China-based provider of parking management services and technology. The company focuses on helping manage parking facilities and supporting the digital administration of parking operations. Its activities include parking-lot management and related services, with technology intended to assist with parking access, fee collection, space utilization and operational oversight. The company’s business is designed to serve property owners, parking facility operators and users seeking more efficient parking solutions.