Cloudastructure Inc. (NASDAQ:CSAI) Sees Large Increase in Short Interest

Cloudastructure Inc. (NASDAQ:CSAI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 798,981 shares, a growth of 39.5% from the January 15th total of 572,754 shares. Based on an average daily volume of 332,282 shares, the days-to-cover ratio is currently 2.4 days. Approximately 5.1% of the company’s stock are short sold. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 332,282 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of Cloudastructure

Several institutional investors and hedge funds have recently bought and sold shares of CSAI. Geode Capital Management LLC lifted its position in shares of Cloudastructure by 27.3% in the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after buying an additional 42,204 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Cloudastructure by 104.6% during the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the last quarter. State Street Corp lifted its holdings in Cloudastructure by 26.0% during the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after purchasing an additional 16,500 shares during the last quarter. Citadel Advisors LLC bought a new position in Cloudastructure during the third quarter worth $64,000. Finally, XTX Topco Ltd acquired a new position in shares of Cloudastructure in the second quarter valued at $55,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CSAI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a report on Friday, January 9th. Wall Street Zen downgraded shares of Cloudastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Zacks Research raised shares of Cloudastructure to a “hold” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudastructure presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Cloudastructure Stock Up 26.8%

Shares of NASDAQ:CSAI traded up $0.16 during midday trading on Friday, hitting $0.77. The stock had a trading volume of 1,338,732 shares, compared to its average volume of 326,563. The business’s 50-day simple moving average is $0.89 and its 200-day simple moving average is $1.27. Cloudastructure has a 12 month low of $0.52 and a 12 month high of $33.53. The company has a market cap of $15.10 million and a P/E ratio of -2.87.

Cloudastructure (NASDAQ:CSAI) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.45 million for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.