Core AI Holdings (NASDAQ:CHAI) Short Interest Up 459.4% in August

Core AI Holdings (NASDAQ:CHAI) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,474,071 shares, an increase of 459.4% from the August 15th total of 621,035 shares. Approximately 18.7% of the company’s shares are short sold. Based on an average daily volume of 28,717,993 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC acquired a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is owned by institutional investors.

Core AI Stock Up 5.1%

CHAI traded up $0.01 during trading hours on Friday, hitting $0.27. 532,888 shares of the company’s stock were exchanged, compared to its average volume of 16,303,566. Core AI has a 1-year low of $0.23 and a 1-year high of $15.68. The stock’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.90. The stock has a market cap of $5.38 million, a price-to-earnings ratio of -0.14 and a beta of 2.07.

Core AI (NASDAQ:CHAI) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $22.35 million during the quarter. Core AI had a negative net margin of 68.53% and a negative return on equity of 226.72%.

Core AI Company Profile

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.