Cloudastructure Inc. (NASDAQ:CSAI) Stock Short Interest Report for October

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 38,812 shares, a drop of 52.6% from the September 30th total of 81,848 shares. Based on an average daily trading volume, of 31,214 shares, the short-interest ratio is currently 1.2 days. Currently, 5.7% of the shares of the stock are short sold.

Cloudastructure Price Performance

NASDAQ:CSAI traded down $0.14 on Friday, reaching $2.15. The stock had a trading volume of 8,432 shares, compared to its average volume of 37,575. The company has a quick ratio of 4.71, a current ratio of 4.96 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $3.43 and a 200-day moving average price of $12.44. Cloudastructure has a 1-year low of $2.03 and a 1-year high of $69.15. The company has a market capitalization of $1.87 million, a P/E ratio of -0.15 and a beta of 1.29.

Cloudastructure (NASDAQ:CSAI) last announced its quarterly earnings data on Tuesday, August 18th. The company reported ($2.32) earnings per share for the quarter, beating the consensus estimate of ($2.70) by $0.38. Cloudastructure had a negative return on equity of 167.05% and a negative net margin of 145.25%. The firm had revenue of $1.23 million during the quarter. Research analysts forecast that Cloudastructure will post -9.75 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CSAI shares. Maxim Group lowered their target price on shares of Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen downgraded Cloudastructure to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.00.

About Cloudastructure

Cloudastructure, Inc (NASDAQ: CSAI) provides cloud-based physical security and video surveillance solutions. Its platform is designed to help organizations manage security cameras and related systems remotely, while using artificial intelligence and computer-vision tools to analyze video and identify potentially significant events.

The company’s offerings include cloud video management, video surveillance, security monitoring, and analytics capabilities. These tools are intended to support applications such as facility protection, incident detection, access oversight, and the review of recorded video without requiring organizations to maintain extensive on-site video storage and processing infrastructure.

Cloudastructure serves commercial and other institutional users seeking centralized, scalable security technology.