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

Helport AI Limited (NASDAQ:HPAI) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 185,772 shares, a decrease of 34.9% from the June 30th total of 285,541 shares. Based on an average daily volume of 139,357 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Helport AI in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Helport AI presently has an average rating of “Sell”.

Hedge Funds Weigh In On Helport AI

A hedge fund recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. purchased a new position in Helport AI Limited (NASDAQ:HPAI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,631 shares of the company’s stock, valued at approximately $63,000. Hedge funds and other institutional investors own 62.44% of the company’s stock.

Helport AI Price Performance

Shares of Helport AI stock traded down $0.01 during trading on Friday, hitting $0.47. The stock had a trading volume of 68,926 shares, compared to its average volume of 542,742. Helport AI has a 12 month low of $0.40 and a 12 month high of $4.57. The firm’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $1.77.

Helport AI (NASDAQ:HPAI) last issued its quarterly earnings results on Friday, June 26th. The company reported ($0.02) EPS for the quarter. The company had revenue of $8.83 million for the quarter.

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.