Cloudastructure Inc. (NASDAQ:CSAI) Sees Large Decline in Short Interest

Cloudastructure Inc. (NASDAQ:CSAI) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 35,986 shares, a decline of 95.1% from the July 15th total of 737,647 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 40,356 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Maxim Group dropped their price objective on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudastructure presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Institutional Investors Weigh In On Cloudastructure

Several hedge funds and other institutional investors have recently modified their holdings of CSAI. XTX Topco Ltd acquired a new position in Cloudastructure during the 4th quarter valued at $39,000. State Street Corp increased its holdings in shares of Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after purchasing an additional 16,500 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Cloudastructure by 27.3% during the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after acquiring an additional 42,204 shares during the period. Citadel Advisors LLC acquired a new stake in Cloudastructure during the 3rd quarter worth $64,000. Finally, Two Sigma Investments LP increased its holdings in Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the last quarter.

Cloudastructure Trading Down 1.3%

Cloudastructure stock traded down $0.07 on Thursday, reaching $5.12. 24,367 shares of the stock were exchanged, compared to its average volume of 25,525. The stock has a market cap of $4.25 million, a PE ratio of -0.32 and a beta of 1.13. The firm has a fifty day moving average price of $9.09 and a two-hundred day moving average price of $15.18. Cloudastructure has a twelve month low of $3.53 and a twelve month high of $69.15.

About Cloudastructure

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.