CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Decrease in Short Interest

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 195,957 shares, a decline of 56.9% from the August 31st total of 454,414 shares. Based on an average daily trading volume, of 2,379,954 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research analysts have issued reports on DAIC shares. Weiss Ratings cut CID Holdco from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Wall Street Zen raised CID Holdco from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

CID Holdco Price Performance

Shares of DAIC opened at $2.82 on Wednesday. The business’s 50-day moving average price is $2.16 and its 200 day moving average price is $3.16. CID Holdco has a 1-year low of $0.37 and a 1-year high of $81.75.

CID Holdco (NASDAQ:DAIC) last posted its quarterly earnings data on Friday, September 25th. The company reported ($2.68) EPS for the quarter. The business had revenue of $0.01 million for the quarter.

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