Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 244,907 shares, a growth of 1,665.6% from the August 31st total of 13,871 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 753,312 shares, the days-to-cover ratio is currently 0.3 days.
Huachen AI Parking Management Technology Price Performance
Huachen AI Parking Management Technology stock traded down $0.02 during midday trading on Friday, reaching $0.51. The stock had a trading volume of 28,273 shares, compared to its average volume of 663,724. Huachen AI Parking Management Technology has a twelve month low of $0.49 and a twelve month high of $25.99. The stock’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $6.34.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. Wall Street Zen lowered shares of Huachen AI Parking Management Technology from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Huachen AI Parking Management Technology presently has a consensus rating of “Sell”.
About Huachen AI Parking Management Technology
Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and smart parking solutions. Through its operating subsidiaries, the company manages parking facilities and applies technology to support parking-lot operations, payment collection, space utilization, and related administrative functions.
The company’s services are designed to help parking-lot owners and operators improve operational efficiency and enhance the experience for drivers.
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