Core AI Holdings (NASDAQ:CHAI) Short Interest Down 48.4% in July

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 195,731 shares, a decrease of 48.4% from the June 30th total of 378,959 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 416,681 shares, the short-interest ratio is currently 0.5 days.

Core AI Price Performance

Core AI stock traded down $0.03 during midday trading on Wednesday, reaching $0.44. The company’s stock had a trading volume of 3,557,312 shares, compared to its average volume of 3,945,300. Core AI has a 52-week low of $0.36 and a 52-week high of $15.92. The stock has a market capitalization of $8.69 million, a P/E ratio of -0.10 and a beta of 1.99. The stock’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $1.26.

Core AI (NASDAQ:CHAI) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.18) earnings per share (EPS) for the quarter. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.The company had revenue of $3.77 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Core AI currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new stake in shares of Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent reporting period. 9.87% of the stock is owned by institutional investors and hedge funds.

About Core AI

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.