Core AI Holdings (NASDAQ:CHAI) Sees Significant Decrease in Short Interest

Core AI Holdings (NASDAQ:CHAI) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 512,069 shares, a decline of 85.3% from the August 31st total of 3,474,071 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average daily volume of 910,279 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

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

Core AI Stock Performance

NASDAQ CHAI opened at $0.29 on Friday. The firm has a market cap of $5.70 million, a price-to-earnings ratio of -0.15 and a beta of 2.07. The firm has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.80. Core AI has a one year low of $0.23 and a one year high of $15.68.

Core AI (NASDAQ:CHAI) last released its earnings results on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business 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%.

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.