Short Interest in Core AI Holdings (NASDAQ:CHAI) Grows By 481.9%

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 661,131 shares, an increase of 481.9% from the May 31st total of 113,618 shares. Based on an average trading volume of 22,543,688 shares, the short-interest ratio is presently 0.0 days. Approximately 3.6% of the company’s shares are short sold.

Core AI Trading Down 0.9%

Shares of CHAI traded down $0.01 during midday trading on Friday, reaching $0.68. 283,403 shares of the company were exchanged, compared to its average volume of 13,001,882. The stock has a 50-day moving average price of $1.08 and a 200-day moving average price of $1.53. The company has a market cap of $13.63 million, a price-to-earnings ratio of -0.16 and a beta of 1.99. Core AI has a 1-year low of $0.66 and a 1-year high of $20.72.

Core AI (NASDAQ:CHAI) last posted its earnings results on Thursday, June 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $3.77 million during the quarter. Core AI had a negative net margin of 55.59% and a negative return on equity of 59.58%.

Institutional Trading of Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC purchased a new stake in shares of Core AI Holdings (NASDAQ:CHAI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent quarter. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Core AI in a report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.