CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Update

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,690 shares, a decline of 91.9% from the June 15th total of 254,997 shares. Based on an average trading volume of 242,466 shares, the days-to-cover ratio is presently 0.1 days.

CID Holdco Stock Down 14.9%

Shares of DAIC stock traded down $0.29 during trading on Friday, hitting $1.66. 211,043 shares of the stock traded hands, compared to its average volume of 418,605. CID Holdco has a 52-week low of $1.56 and a 52-week high of $153.75. The firm’s fifty day moving average price is $3.14 and its 200-day moving average price is $6.36.

CID Holdco (NASDAQ:DAIC) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($3.75) earnings per share for the quarter. The company had revenue of $0.01 million during the quarter.

Hedge Funds Weigh In On CID Holdco

Large investors have recently modified their holdings of the business. Blue Owl Capital Holdings LP purchased a new position in shares of CID Holdco during the 4th quarter worth $251,000. Bank of America Corp DE purchased a new stake in CID Holdco in the 2nd quarter valued at about $2,267,000. Moore Capital Management LP purchased a new stake in CID Holdco in the 3rd quarter valued at about $398,000. Bank of Montreal Can lifted its position in CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in CID Holdco in the third quarter valued at about $211,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CID Holdco presently has a consensus rating of “Sell”.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.