CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 34,700 shares, a decline of 32.8% from the September 30th total of 51,600 shares. Based on an average trading volume of 64,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 64,600 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On CID Holdco
Hedge funds have recently bought and sold shares of the business. Scratch Capital LLC bought a new stake in CID Holdco during the third quarter worth about $27,000. Sandia Investment Management LP bought a new position in shares of CID Holdco in the second quarter worth approximately $112,000. DecisionPoint Financial LLC bought a new position in shares of CID Holdco in the second quarter worth approximately $158,000. Highbridge Capital Management LLC bought a new position in shares of CID Holdco in the second quarter worth approximately $513,000. Finally, Bank of America Corp DE bought a new position in shares of CID Holdco in the second quarter worth approximately $2,267,000.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on DAIC shares. Weiss Ratings restated a “sell (e+)” rating on shares of CID Holdco in a research report on Wednesday, October 8th. Wall Street Zen cut shares of CID Holdco to a “strong sell” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
CID Holdco Stock Performance
NASDAQ:DAIC opened at $2.61 on Friday. CID Holdco has a one year low of $2.45 and a one year high of $75.00. The business’s 50-day simple moving average is $3.22.
CID Holdco, Inc is a manufacturing company in the Computer Software industry.
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