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

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 20,690 shares, a decrease of 91.9% from the June 15th total of 254,997 shares. Based on an average trading volume of 242,466 shares, the days-to-cover ratio is presently 0.1 days.

CID Holdco Price Performance

Shares of NASDAQ DAIC traded down $0.29 during mid-day trading on Friday, reaching $1.66. The company’s stock had a trading volume of 211,043 shares, compared to its average volume of 418,605. The stock has a 50-day moving average of $3.14 and a two-hundred day moving average of $6.36. CID Holdco has a 1-year low of $1.56 and a 1-year high of $153.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DAIC. Blue Owl Capital Holdings LP purchased a new stake in shares of CID Holdco in the fourth quarter valued at approximately $251,000. Bank of America Corp DE acquired a new position in CID Holdco during the second quarter worth $2,267,000. Moore Capital Management LP acquired a new position in CID Holdco during the third quarter worth $398,000. Bank of Montreal Can boosted its stake in CID Holdco by 97.0% during the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after buying an additional 97,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in CID Holdco in the 3rd quarter valued at $211,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CID Holdco has an average rating of “Sell”.

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