Core AI Holdings (NASDAQ:CHAI) Short Interest Down 48.4% in July

Core AI Holdings (NASDAQ:CHAI) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 195,731 shares, a decrease of 48.4% from the June 30th total of 378,959 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 416,681 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC bought a new stake in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is owned by institutional investors.

Core AI Trading Down 5.0%

Shares of CHAI stock opened at $0.42 on Friday. The stock has a market cap of $8.46 million, a P/E ratio of -0.10 and a beta of 1.99. Core AI has a 1 year low of $0.36 and a 1 year high of $15.92. The stock has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $1.24.

Core AI (NASDAQ:CHAI) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $3.77 million during the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%.

Analyst Upgrades and Downgrades

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

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.