CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Update

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 34,929 shares, an increase of 94.2% from the July 15th total of 17,985 shares. Based on an average daily trading volume, of 528,414 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Owl Capital Holdings LP bought a new position in CID Holdco during the 4th quarter valued at about $251,000. Bank of America Corp DE acquired a new position in CID Holdco during the 2nd quarter valued at about $2,267,000. Moore Capital Management LP acquired a new position in CID Holdco in the third quarter valued at approximately $398,000. Bank of Montreal Can lifted its stake in shares of CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after purchasing an additional 97,000 shares during the period. Finally, Millennium Management LLC acquired a new position in CID Holdco in the third quarter valued at about $211,000.

CID Holdco Stock Performance

Shares of NASDAQ DAIC opened at $0.56 on Tuesday. CID Holdco has a one year low of $0.41 and a one year high of $127.25. The business has a fifty day simple moving average of $1.39 and a 200 day simple moving average of $4.11.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen raised CID Holdco to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

CID Holdco, Inc is a technology company in the Application Software industry.