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

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 156,804 shares, a growth of 348.9% from the July 30th total of 34,929 shares. Based on an average daily volume of 528,690 shares, the short-interest ratio is presently 0.3 days.

CID Holdco Stock Down 18.8%

DAIC stock traded down $1.08 during trading on Friday, hitting $4.68. 1,731,247 shares of the company’s stock traded hands, compared to its average volume of 2,365,081. CID Holdco has a 52 week low of $0.37 and a 52 week high of $110.50. The stock has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $3.74.

Institutional Investors Weigh In On CID Holdco

A number of institutional investors have recently modified their holdings of DAIC. Bank of Montreal Can lifted its holdings in CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after acquiring an additional 97,000 shares during the last quarter. Sandia Investment Management LP bought a new position in shares of CID Holdco during the second quarter valued at approximately $112,000. Millennium Management LLC bought a new position in shares of CID Holdco during the third quarter valued at approximately $211,000. Blue Owl Capital Holdings LP bought a new position in shares of CID Holdco during the fourth quarter valued at approximately $251,000. Finally, Moore Capital Management LP acquired a new stake in shares of CID Holdco during the 3rd quarter worth approximately $398,000.

Analysts Set New Price Targets

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

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