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

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,062,798 shares, an increase of 33.8% from the March 15th total of 794,058 shares. Currently, 5.4% of the company’s stock are sold short. Based on an average daily trading volume, of 340,372 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

A number of research firms have weighed in on CSAI. Zacks Research upgraded Cloudastructure to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Trading of Cloudastructure

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in Cloudastructure in the fourth quarter valued at $39,000. State Street Corp lifted its position in shares of Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after purchasing an additional 16,500 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $159,000 after purchasing an additional 42,204 shares during the last quarter. Citadel Advisors LLC acquired a new position in Cloudastructure in the third quarter worth about $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 buying an additional 47,916 shares during the last quarter.

Cloudastructure Stock Performance

Shares of Cloudastructure stock remained flat at $0.64 during trading hours on Wednesday. The stock had a trading volume of 230,305 shares, compared to its average volume of 324,959. Cloudastructure has a 12 month low of $0.47 and a 12 month high of $5.15. The stock has a market cap of $15.69 million, a P/E ratio of -1.60 and a beta of 0.86. The stock has a fifty day moving average of $0.63 and a 200 day moving average of $0.97.

Cloudastructure (NASDAQ:CSAI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Cloudastructure had a negative net margin of 166.26% and a negative return on equity of 109.93%. The business had revenue of $1.79 million during the quarter.

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.