Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 621,035 shares, a drop of 52.7% from the July 30th total of 1,313,509 shares. Based on an average daily volume of 731,662 shares, the days-to-cover ratio is currently 0.8 days. Approximately 3.3% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Core AI Stock Performance

Shares of NASDAQ CHAI traded up $0.15 during trading hours on Friday, reaching $0.40. 300,934,428 shares of the stock were exchanged, compared to its average volume of 685,802. The firm has a market capitalization of $7.97 million, a price-to-earnings ratio of -0.20 and a beta of 2.02. The stock’s fifty day simple moving average is $0.45 and its 200 day simple moving average is $0.99. Core AI has a 52 week low of $0.23 and a 52 week high of $15.68.

Core AI (NASDAQ:CHAI) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $22.35 million during the quarter. Core AI had a negative net margin of 50.81% and a negative return on equity of 142.15%.

Hedge Funds Weigh In On Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new position in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent SEC filing. Institutional investors own 9.87% of the company’s stock.

About Core AI

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.