Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 195,731 shares, a drop of 48.4% from the June 30th total of 378,959 shares. Based on an average daily trading volume, of 416,681 shares, the short-interest ratio is presently 0.5 days. Approximately 1.1% of the shares of the stock are short sold.

Core AI Trading Down 6.7%

Shares of CHAI stock traded down $0.03 during mid-day trading on Thursday, reaching $0.42. The stock had a trading volume of 997,269 shares, compared to its average volume of 3,927,615. The company has a market cap of $8.31 million, a P/E ratio of -0.10 and a beta of 1.99. Core AI has a 12-month low of $0.36 and a 12-month high of $15.92. The business has a 50-day simple moving average of $0.80 and a 200 day simple moving average of $1.25.

Core AI (NASDAQ:CHAI) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.18) EPS for the quarter. The business had revenue of $3.77 million during the quarter. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new position in shares of Core AI Holdings (NASDAQ:CHAI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 reporting period. Institutional investors and hedge funds own 9.87% of the company’s stock.

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.