Short Interest in Cloudastructure Inc. (NASDAQ:CSAI) Grows By 93.7%

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 65,321 shares, an increase of 93.7% from the August 15th total of 33,724 shares. Approximately 9.6% of the company’s stock are sold short. Based on an average trading volume of 74,087 shares, the days-to-cover ratio is currently 0.9 days.

Cloudastructure Stock Performance

NASDAQ CSAI traded up $0.06 on Thursday, hitting $3.27. 10,898 shares of the company’s stock traded hands, compared to its average volume of 30,664. The firm’s 50-day moving average price is $6.36 and its two-hundred day moving average price is $12.26. The firm has a market capitalization of $2.84 million, a PE ratio of -0.23 and a beta of 1.15. The company has a current ratio of 4.96, a quick ratio of 4.71 and a debt-to-equity ratio of 0.37. Cloudastructure has a 1-year low of $3.01 and a 1-year high of $69.15.

Cloudastructure (NASDAQ:CSAI) last issued its earnings results on Tuesday, August 18th. The company reported ($2.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.70) by $0.38. Cloudastructure had a negative net margin of 145.25% and a negative return on equity of 167.05%. The firm had revenue of $1.23 million during the quarter. As a group, analysts expect that Cloudastructure will post -9.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. Wall Street Zen downgraded Cloudastructure to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Maxim Group lowered their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.00.

About Cloudastructure

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.