Helport AI Limited (NASDAQ:HPAI) Short Interest Down 33.5% in May

Helport AI Limited (NASDAQ:HPAI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 200,141 shares, a drop of 33.5% from the May 14th total of 300,742 shares. Based on an average daily volume of 126,659 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Helport AI stock. Goldman Sachs Group Inc. acquired a new stake in Helport AI Limited (NASDAQ:HPAI) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is owned by hedge funds and other institutional investors.

Helport AI Stock Up 2.0%

HPAI stock opened at $0.76 on Tuesday. The business has a fifty day moving average price of $1.24 and a 200 day moving average price of $2.57. Helport AI has a fifty-two week low of $0.61 and a fifty-two week high of $5.22.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Helport AI in a report on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Helport AI

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.