Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Down 16.9% in February

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 664,269 shares, a drop of 16.9% from the January 29th total of 798,981 shares. Based on an average daily volume of 452,558 shares, the short-interest ratio is presently 1.5 days. Currently, 4.3% of the company’s shares are short sold. Currently, 4.3% of the company’s shares are short sold. Based on an average daily volume of 452,558 shares, the short-interest ratio is presently 1.5 days.

Cloudastructure Price Performance

Shares of Cloudastructure stock opened at $0.67 on Thursday. The stock has a market cap of $13.02 million, a price-to-earnings ratio of -2.47 and a beta of 1.77. The firm’s 50-day moving average is $0.78 and its two-hundred day moving average is $1.16. Cloudastructure has a 1 year low of $0.52 and a 1 year high of $11.46.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSAI shares. Zacks Research upgraded shares of Cloudastructure to a “hold” rating in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Cloudastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSAI. State Street Corp lifted its stake in shares of Cloudastructure by 26.0% during the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after purchasing an additional 16,500 shares during the last quarter. XTX Topco Ltd bought a new position in Cloudastructure in the second quarter worth about $55,000. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 42,204 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after buying an additional 47,916 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Cloudastructure in the 3rd quarter valued at about $64,000.

About Cloudastructure

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.