Helport AI Limited (NASDAQ:HPAI) Sees Significant Decrease in Short Interest

Helport AI Limited (NASDAQ:HPAI) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 24,945 shares, a decrease of 76.2% from the September 30th total of 104,922 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 137,124 shares, the days-to-cover ratio is currently 0.2 days.

Helport AI Trading Down 7.2%

NASDAQ:HPAI traded down $0.02 during trading hours on Wednesday, reaching $0.26. 62,539 shares of the company’s stock were exchanged, compared to its average volume of 590,087. Helport AI has a 12 month low of $0.25 and a 12 month high of $4.57. The business’s 50-day simple moving average is $0.34 and its two-hundred day simple moving average is $1.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Helport AI in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Helport AI

Helport AI Limited (NASDAQ: HPAI) is a technology company that develops artificial intelligence solutions for customer experience and customer service operations. Its platform is designed to help businesses manage customer interactions, support service agents and improve the efficiency and consistency of contact-center workflows.

The company combines AI software with customer-service capabilities, including tools intended to assist with customer inquiries, agent training, quality assurance and operational management.