Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 378,959 shares, a drop of 42.7% from the June 15th total of 661,131 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 877,891 shares, the short-interest ratio is currently 0.4 days.

Core AI Stock Performance

Shares of NASDAQ CHAI traded up $0.01 during trading on Thursday, reaching $0.46. The company had a trading volume of 110,364 shares, compared to its average volume of 2,075,520. Core AI has a 52 week low of $0.45 and a 52 week high of $18.40. The stock has a market cap of $9.08 million, a PE ratio of -0.10 and a beta of 1.99. The business’s 50 day moving average price is $0.95 and its 200-day moving average price is $1.35.

Core AI (NASDAQ:CHAI) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.14) EPS for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%. The company had revenue of $3.77 million for the quarter.

Hedge Funds Weigh In On Core AI

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

Wall Street Analysts Forecast Growth

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

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.