CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Growth in Short Interest

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 454,414 shares, a growth of 189.8% from the August 15th total of 156,804 shares. Based on an average daily trading volume, of 29,315,380 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DAIC shares. Weiss Ratings restated a “sell (d-)” rating on shares of CID Holdco in a research report on Friday, September 4th. Wall Street Zen upgraded CID Holdco from a “strong sell” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on CID Holdco

CID Holdco Price Performance

NASDAQ:DAIC traded down $0.17 during mid-day trading on Monday, hitting $2.36. 359,412 shares of the stock traded hands, compared to its average volume of 2,385,552. The business’s 50-day moving average price is $1.77 and its 200 day moving average price is $3.41. CID Holdco has a 12-month low of $0.37 and a 12-month high of $98.75.

Institutional Investors Weigh In On CID Holdco

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Owl Capital Holdings LP bought a new stake in CID Holdco during the fourth quarter valued at $251,000. Bank of America Corp DE purchased a new stake in shares of CID Holdco in the 2nd quarter valued at about $2,267,000. Bank of Montreal Can raised its holdings in shares of CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares in the last quarter. Moore Capital Management LP bought a new stake in shares of CID Holdco during the 3rd quarter valued at about $398,000. Finally, Millennium Management LLC bought a new stake in shares of CID Holdco during the 3rd quarter valued at about $211,000.

CID Holdco, Inc is a technology company in the Application Software industry.

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