Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Up 27.9% in February

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 849,858 shares, a growth of 27.9% from the February 12th total of 664,269 shares. Based on an average daily trading volume, of 469,255 shares, the short-interest ratio is presently 1.8 days. Approximately 5.5% of the company’s shares are short sold. Approximately 5.5% of the company’s shares are short sold. Based on an average daily trading volume, of 469,255 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Several brokerages have commented on CSAI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a research report on Friday, January 9th. Zacks Research raised Cloudastructure to a “hold” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On Cloudastructure

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

Cloudastructure Stock Down 0.5%

Cloudastructure stock traded down $0.00 during midday trading on Tuesday, hitting $0.59. 8,820 shares of the stock were exchanged, compared to its average volume of 338,788. The company has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $1.10. Cloudastructure has a 52 week low of $0.52 and a 52 week high of $11.46. The stock has a market capitalization of $11.42 million, a PE ratio of -2.17 and a beta of 1.76.

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.