Cloudastructure Inc. (NASDAQ:CSAI) Sees Significant Growth in Short Interest

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 849,858 shares, an increase of 27.9% from the February 12th total of 664,269 shares. Based on an average daily volume of 469,255 shares, the short-interest ratio is presently 1.8 days. Currently, 5.5% of the shares of the company are sold short. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 469,255 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Cloudastructure

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Cloudastructure during the 4th quarter valued at about $39,000. Citadel Advisors LLC purchased a new stake in shares of Cloudastructure in the third quarter worth about $64,000. State Street Corp boosted its position in shares of Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after acquiring an additional 16,500 shares during the period. Two Sigma Investments LP boosted its position in shares of Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after acquiring an additional 47,916 shares during the period. Finally, Geode Capital Management LLC grew its stake in Cloudastructure by 27.3% during the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after acquiring an additional 42,204 shares in the last quarter.

Analyst Ratings Changes

CSAI has been the topic of a number of recent research reports. Zacks Research raised Cloudastructure to a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered Cloudastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. 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, the stock has an average rating of “Hold” and a consensus price target of $6.00.

Cloudastructure Stock Performance

CSAI stock traded down $0.02 during midday trading on Friday, reaching $0.60. 153,264 shares of the company’s stock traded hands, compared to its average volume of 346,156. The firm has a market capitalization of $11.76 million, a PE ratio of -2.23 and a beta of 1.77. The company has a 50-day moving average price of $0.75 and a two-hundred day moving average price of $1.12. Cloudastructure has a 52 week low of $0.52 and a 52 week high of $11.46.

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.