Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Stock Short Interest Report for September

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 57,489 shares, a drop of 76.5% from the September 15th total of 244,907 shares. Based on an average daily volume of 1,758,945 shares, the short-interest ratio is presently 0.0 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HCAI. Wall Street Zen raised shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings raised Huachen AI Parking Management Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Huachen AI Parking Management Technology has an average rating of “Sell”.

Huachen AI Parking Management Technology Stock Performance

Shares of Huachen AI Parking Management Technology stock traded down $0.09 on Tuesday, hitting $0.30. 313,657 shares of the company traded hands, compared to its average volume of 642,047. Huachen AI Parking Management Technology has a 12-month low of $0.29 and a 12-month high of $25.99. The firm’s 50-day simple moving average is $2.83 and its 200 day simple moving average is $5.95.

Shares of Huachen AI Parking Management Technology are set to reverse split on Friday, October 23rd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 22nd.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last released its earnings results on Wednesday, September 30th. The company reported $0.02 EPS for the quarter. The firm had revenue of $1.24 million during the quarter.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.