Short Interest in Helport AI Limited (NASDAQ:HPAI) Drops By 15.6%

Helport AI Limited (NASDAQ:HPAI) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 22,127 shares, a drop of 15.6% from the January 15th total of 26,212 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,514 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 6,514 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.1% of the shares of the stock are sold short.

Helport AI Stock Performance

NASDAQ:HPAI opened at $3.11 on Monday. Helport AI has a fifty-two week low of $2.40 and a fifty-two week high of $8.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $3.60.

Hedge Funds Weigh In On Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. acquired a new position in shares of Helport AI Limited (NASDAQ:HPAI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,631 shares of the company’s stock, valued at approximately $63,000. Institutional investors and hedge funds own 62.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Helport AI in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Helport AI Company Profile

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.