Core AI Holdings (NASDAQ:CHAI) Short Interest Up 571.1% in July

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,313,509 shares, a growth of 571.1% from the July 15th total of 195,731 shares. Based on an average daily volume of 23,871,296 shares, the short-interest ratio is currently 0.1 days. Approximately 7.1% of the company’s stock are sold short.

Core AI Price Performance

CHAI stock opened at $0.29 on Friday. Core AI has a 1-year low of $0.29 and a 1-year high of $15.68. The business has a fifty day moving average price of $0.65 and a 200-day moving average price of $1.10. The stock has a market capitalization of $5.81 million, a P/E ratio of -0.07 and a beta of 2.02.

Core AI (NASDAQ:CHAI) last announced 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 net margin of 78.92% and a negative return on equity of 123.03%. The business had revenue of $3.77 million for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in shares of Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is currently 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.