Core AI Holdings (NASDAQ:CHAI) Sees Large Growth in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 661,131 shares, an increase of 481.9% from the May 31st total of 113,618 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,543,688 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Core AI in a research note on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Core AI Stock Performance

Shares of NASDAQ CHAI traded down $0.01 during trading hours on Friday, hitting $0.68. 283,403 shares of the stock were exchanged, compared to its average volume of 13,001,882. The company’s fifty day simple moving average is $1.08 and its two-hundred day simple moving average is $1.53. The company has a market cap of $13.63 million, a PE ratio of -0.16 and a beta of 1.99. Core AI has a 1-year low of $0.66 and a 1-year high of $20.72.

Core AI (NASDAQ:CHAI) last issued its earnings results on Thursday, June 4th. The company reported ($0.14) earnings per share for the quarter. Core AI had a negative net margin of 55.59% and a negative return on equity of 59.58%. The business had revenue of $3.77 million during the quarter.

Institutional Inflows and Outflows

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

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.