CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Increase in Short Interest

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 34,929 shares, a growth of 94.2% from the July 15th total of 17,985 shares. Based on an average daily volume of 528,414 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

DAIC has been the topic of several analyst reports. Wall Street Zen upgraded shares of CID Holdco to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CID Holdco currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on DAIC

Institutional Investors Weigh In On CID Holdco

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sandia Investment Management LP acquired a new stake in shares of CID Holdco during the second quarter worth $112,000. Millennium Management LLC purchased a new position in CID Holdco in the 3rd quarter worth about $211,000. Moore Capital Management LP acquired a new stake in CID Holdco during the 3rd quarter worth about $398,000. Bank of Montreal Can lifted its stake in CID Holdco by 97.0% during the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in CID Holdco during the second quarter valued at about $2,267,000.

CID Holdco Stock Up 13.8%

Shares of DAIC stock traded up $0.07 during mid-day trading on Monday, hitting $0.56. 3,000,739 shares of the stock traded hands, compared to its average volume of 448,555. CID Holdco has a twelve month low of $0.41 and a twelve month high of $127.25. The company’s 50-day simple moving average is $1.42 and its 200-day simple moving average is $4.18.

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

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