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

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 156,804 shares, an increase of 348.9% from the July 30th total of 34,929 shares. Based on an average daily trading volume, of 528,690 shares, the short-interest ratio is currently 0.3 days.

CID Holdco Stock Up 11.8%

NASDAQ:DAIC traded up $0.61 on Thursday, reaching $5.76. 15,336,586 shares of the company’s stock were exchanged, compared to its average volume of 2,368,971. CID Holdco has a 52-week low of $0.37 and a 52-week high of $111.96. The business has a fifty day moving average of $1.46 and a 200-day moving average of $3.74.

Institutional Investors Weigh In On CID Holdco

Several large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares during the period. Sandia Investment Management LP purchased a new position in CID Holdco in the second quarter valued at $112,000. Millennium Management LLC acquired a new position in CID Holdco during the 3rd quarter worth $211,000. Blue Owl Capital Holdings LP acquired a new stake in CID Holdco in the 4th quarter valued at about $251,000. Finally, Moore Capital Management LP purchased a new position in shares of CID Holdco in the 3rd quarter valued at about $398,000.

Wall Street Analyst Weigh In

DAIC has been the subject of several research analyst reports. Wall Street Zen raised shares of CID Holdco to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, CID Holdco currently has an average rating of “Sell”.

CID Holdco, Inc is a technology company in the Application Software industry.