Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Up 27.9% in February

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 849,858 shares, an increase of 27.9% from the February 12th total of 664,269 shares. Based on an average daily trading volume, of 469,255 shares, the short-interest ratio is currently 1.8 days. Approximately 5.5% of the shares of the company are short sold. Approximately 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 469,255 shares, the short-interest ratio is currently 1.8 days.

Cloudastructure Stock Down 2.4%

CSAI traded down $0.01 during midday trading on Monday, reaching $0.59. 251,505 shares of the company’s stock were exchanged, compared to its average volume of 345,357. The business has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $1.11. The firm has a market capitalization of $11.48 million, a price-to-earnings ratio of -2.18 and a beta of 1.76. Cloudastructure has a one year low of $0.52 and a one year high of $11.46.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CSAI. State Street Corp boosted its stake in shares of Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after purchasing an additional 16,500 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cloudastructure during the 2nd quarter worth about $55,000. Geode Capital Management LLC lifted its holdings in Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after purchasing an additional 42,204 shares during the last quarter. Two Sigma Investments LP boosted its position in Cloudastructure by 104.6% in 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 in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Cloudastructure during the third quarter worth about $64,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research raised Cloudastructure to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

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.