Short Interest in CID Holdco, Inc. (NASDAQ:DAIC) Drops By 40.7%

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 185,622 shares, a decrease of 40.7% from the May 14th total of 312,921 shares. Based on an average daily trading volume, of 467,860 shares, the days-to-cover ratio is currently 0.4 days.

CID Holdco Stock Down 6.6%

NASDAQ:DAIC traded down $0.12 during midday trading on Tuesday, hitting $1.69. The stock had a trading volume of 204,426 shares, compared to its average volume of 447,145. CID Holdco has a one year low of $1.64 and a one year high of $1,875.00. The stock has a 50-day moving average of $4.35 and a 200 day moving average of $11.27.

CID Holdco (NASDAQ:DAIC) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($3.75) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million during the quarter.

Institutional Trading of CID Holdco

Several hedge funds and other institutional investors have recently bought and sold shares of DAIC. Sandia Investment Management LP bought a new stake in CID Holdco during the 2nd quarter valued at $112,000. Bank of America Corp DE bought a new stake in CID Holdco during the 2nd quarter valued at $2,267,000. Moore Capital Management LP bought a new stake in CID Holdco during the 3rd quarter valued at $398,000. Millennium Management LLC bought a new stake in CID Holdco during the 3rd quarter valued at $211,000. Finally, Blue Owl Capital Holdings LP bought a new stake in CID Holdco during the 4th quarter valued at $251,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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