Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,474,071 shares, an increase of 459.4% from the August 15th total of 621,035 shares. Approximately 18.7% of the shares of the stock are sold short. Based on an average daily volume of 28,717,993 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new position in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is owned by hedge funds and other institutional investors.

Core AI Stock Down 0.1%

CHAI stock traded down $0.00 during trading on Friday, hitting $0.26. The company had a trading volume of 99,202 shares, compared to its average volume of 5,176,528. The firm has a market capitalization of $5.12 million, a P/E ratio of -0.13 and a beta of 2.07. Core AI has a 52-week low of $0.23 and a 52-week high of $15.68. The company has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.91.

Core AI (NASDAQ:CHAI) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $22.35 million during the quarter. Core AI had a negative net margin of 68.53% and a negative return on equity of 226.72%.

About Core AI

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.