Short Interest in CID Holdco, Inc. (NASDAQ:DAIC) Expands By 58.0%

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 303,626 shares, a growth of 58.0% from the February 26th total of 192,184 shares. Based on an average trading volume of 1,465,385 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On CID Holdco

A number of institutional investors and hedge funds have recently made changes to their positions in DAIC. Millennium Management LLC acquired a new position in CID Holdco during the 3rd quarter valued at about $211,000. Moore Capital Management LP purchased a new stake in shares of CID Holdco in the third quarter worth approximately $398,000. Bank of America Corp DE purchased a new stake in shares of CID Holdco in the second quarter worth approximately $2,267,000. Bank of Montreal Can lifted its holdings in shares of 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 purchasing an additional 97,000 shares in the last quarter. Finally, Blue Owl Capital Holdings LP purchased a new position in shares of CID Holdco during the fourth quarter valued at approximately $251,000.

CID Holdco Price Performance

Shares of NASDAQ DAIC traded down $0.02 during trading on Friday, hitting $0.17. 178,588 shares of the company traded hands, compared to its average volume of 659,696. The business’s fifty day moving average is $0.29 and its 200 day moving average is $1.44. CID Holdco has a fifty-two week low of $0.16 and a fifty-two week high of $75.00.

CID Holdco (NASDAQ:DAIC) last issued its earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $4.55 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CID Holdco in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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