Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Shares Shorted: Short Interest Down 97.8% in October

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 18,244 shares, a decline of 97.8% from the October 15th total of 838,507 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average daily volume of 174,324 shares, the days-to-cover ratio is presently 0.1 days.

Huachen AI Parking Management Technology Stock Performance

Huachen AI Parking Management Technology stock traded down $0.04 on Wednesday, hitting $3.33. 1,323 shares of the stock traded hands, compared to its average volume of 52,374. The business’s fifty day simple moving average is $18.88 and its 200 day simple moving average is $110.11. Huachen AI Parking Management Technology has a 1 year low of $2.01 and a 1 year high of $519.80.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last released its earnings results on Wednesday, September 30th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $1.24 million during the quarter.

Wall Street Analysts Forecast Growth

HCAI has been the topic of a number of research reports. Weiss Ratings raised shares of Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Wall Street Zen raised shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Huachen AI Parking Management Technology presently has a consensus rating of “Sell”.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Inc. is a China-based provider of parking management services and technology. The company focuses on helping manage parking facilities and supporting the digital administration of parking operations. Its activities include parking-lot management and related services, with technology intended to assist with parking access, fee collection, space utilization and operational oversight. The company’s business is designed to serve property owners, parking facility operators and users seeking more efficient parking solutions.