CID Holdco, Inc. (NASDAQ:DAIC) Sees Large Growth in Short Interest

CID Holdco, Inc. (NASDAQ:DAIC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 454,414 shares, a growth of 189.8% from the August 15th total of 156,804 shares. Based on an average trading volume of 29,315,380 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded CID Holdco from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of CID Holdco in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CID Holdco presently has an average rating of “Sell”.

Institutional Trading of CID Holdco

Several hedge funds have recently modified their holdings of DAIC. Blue Owl Capital Holdings LP acquired a new stake in CID Holdco in the fourth quarter valued at $251,000. Bank of America Corp DE acquired a new position in shares of CID Holdco during the 2nd quarter worth about $2,267,000. Bank of Montreal Can boosted its position in shares of CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after acquiring an additional 97,000 shares in the last quarter. Moore Capital Management LP purchased a new position in shares of CID Holdco in the 3rd quarter valued at about $398,000. Finally, Millennium Management LLC purchased a new position in shares of CID Holdco in the 3rd quarter valued at about $211,000.

CID Holdco Trading Down 9.0%

CID Holdco stock opened at $2.53 on Friday. CID Holdco has a fifty-two week low of $0.37 and a fifty-two week high of $98.75. The firm has a 50 day moving average price of $1.77 and a 200 day moving average price of $3.43.

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