Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Update

Cloudastructure Inc. (NASDAQ:CSAI) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 605,063 shares, a decline of 28.4% from the December 15th total of 844,979 shares. Based on an average daily volume of 496,918 shares, the short-interest ratio is presently 1.2 days. Currently, 3.9% of the shares of the company are sold short. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 496,918 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Cloudastructure during the 3rd quarter worth approximately $64,000. Two Sigma Investments LP increased its holdings in shares of Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Cloudastructure during the second quarter worth approximately $55,000.

Cloudastructure Trading Down 3.1%

Shares of Cloudastructure stock opened at $0.90 on Friday. Cloudastructure has a twelve month low of $0.78 and a twelve month high of $52.43. The firm’s 50-day moving average price is $1.06 and its 200 day moving average price is $1.44. The firm has a market capitalization of $17.50 million and a PE ratio of -3.32.

Cloudastructure (NASDAQ:CSAI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.The firm had revenue of $1.45 million during the quarter.

Cloudastructure announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 16th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to buy up to 19.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CSAI has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a research report on Friday, January 9th. Wall Street Zen downgraded Cloudastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.