CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Update

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 185,622 shares, a decline of 40.7% from the May 14th total of 312,921 shares. Based on an average daily volume of 467,860 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of CID Holdco

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Owl Capital Holdings LP acquired a new stake in CID Holdco in the fourth quarter valued at $251,000. Bank of America Corp DE acquired a new stake in CID Holdco in the second quarter valued at $2,267,000. Bank of Montreal Can raised its holdings in CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares in the last quarter. Moore Capital Management LP acquired a new stake in CID Holdco in the third quarter valued at $398,000. Finally, Millennium Management LLC acquired a new stake in CID Holdco in the third quarter valued at $211,000.

CID Holdco Price Performance

NASDAQ DAIC opened at $1.69 on Wednesday. The company’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $10.98. CID Holdco has a 52 week low of $1.64 and a 52 week high of $1,875.00.

CID Holdco (NASDAQ:DAIC) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($3.75) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CID Holdco has an average rating of “Sell”.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.