Core AI Holdings (NASDAQ:CHAI) Sees Large Decrease in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 83,023 shares, a drop of 52.4% from the April 15th total of 174,389 shares. Based on an average daily volume of 41,772 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

Core AI Stock Down 9.7%

Shares of NASDAQ CHAI traded down $0.11 during trading on Friday, hitting $1.08. The company had a trading volume of 56,801 shares, compared to its average volume of 87,544. The firm’s fifty day simple moving average is $1.24. Core AI has a fifty-two week low of $0.95 and a fifty-two week high of $35.47. The firm has a market capitalization of $21.42 million, a price-to-earnings ratio of -0.01 and a beta of 1.95. The company has a quick ratio of 1.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC purchased a new position in Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent quarter. Institutional investors own 9.87% of the company’s stock.

Core AI Company Profile

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.