Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 621,035 shares, a decrease of 52.7% from the July 30th total of 1,313,509 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 731,662 shares, the short-interest ratio is presently 0.8 days.

Core AI Trading Down 3.7%

CHAI stock traded down $0.01 during mid-day trading on Monday, hitting $0.39. 8,915,192 shares of the company were exchanged, compared to its average volume of 5,373,709. The business has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.99. The stock has a market capitalization of $7.67 million, a PE ratio of -0.20 and a beta of 2.03. Core AI has a 1-year low of $0.23 and a 1-year high of $15.68.

Core AI (NASDAQ:CHAI) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $22.35 million for the quarter. Core AI had a negative return on equity of 226.72% and a negative net margin of 68.53%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC bought a new stake in Core AI Holdings (NASDAQ:CHAI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.87% of the company’s stock.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.