Helport AI Limited (NASDAQ:HPAI) Sees Significant Growth in Short Interest

Helport AI Limited (NASDAQ:HPAI) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 300,742 shares, an increase of 318.3% from the April 30th total of 71,898 shares. Based on an average trading volume of 3,957,392 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. acquired a new stake in Helport AI Limited (NASDAQ:HPAI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.

Helport AI Stock Up 16.3%

Shares of NASDAQ:HPAI traded up $0.15 during trading on Friday, reaching $1.05. The stock had a trading volume of 196,728 shares, compared to its average volume of 2,286,503. Helport AI has a one year low of $0.86 and a one year high of $5.29. The firm’s 50-day simple moving average is $1.51 and its 200 day simple moving average is $2.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Helport AI in a report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.