MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Sees Large Growth in Short Interest

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 559,900 shares, an increase of 30.5% from the February 13th total of 429,100 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, D. Boral Capital began coverage on MultiSensor AI in a research report on Wednesday, February 26th. They set a “buy” rating and a $2.50 price target on the stock.

MultiSensor AI Stock Performance

Shares of NASDAQ:MSAI traded up $0.02 during trading on Monday, reaching $1.19. 52,188 shares of the company traded hands, compared to its average volume of 1,436,692. The company’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.74. MultiSensor AI has a 52 week low of $1.05 and a 52 week high of $3.49.

Hedge Funds Weigh In On MultiSensor AI

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of MultiSensor AI during the 4th quarter worth $25,000. Cherrydale Wealth Management LLC acquired a new position in shares of MultiSensor AI during the 4th quarter worth $138,000. 272 Capital LP acquired a new position in shares of MultiSensor AI during the 3rd quarter worth $243,000. Finally, Geode Capital Management LLC raised its holdings in shares of MultiSensor AI by 149.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock worth $279,000 after buying an additional 77,497 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

MultiSensor AI Company Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.