Core AI Holdings (NASDAQ:CHAI) Sees Significant Decrease in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 512,069 shares, a drop of 85.3% from the August 31st total of 3,474,071 shares. Based on an average trading volume of 910,279 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.8% of the company’s shares are short sold.

Core AI Stock Down 6.2%

Shares of Core AI stock opened at $0.29 on Friday. The firm has a market cap of $5.70 million, a PE ratio of -0.15 and a beta of 2.07. Core AI has a 52 week low of $0.23 and a 52 week high of $15.68. The business’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.80.

Core AI (NASDAQ:CHAI) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $22.35 million for the quarter. Core AI had a negative return on equity of 226.72% and a negative net margin of 68.53%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Core AI

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.