Short Interest in CID Holdco, Inc. (NASDAQ:DAIC) Decreases By 91.9%

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 20,690 shares, a decrease of 91.9% from the June 15th total of 254,997 shares. Based on an average daily volume of 242,466 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CID Holdco currently has a consensus rating of “Sell”.

Check Out Our Latest Report on CID Holdco

Institutional Investors Weigh In On CID Holdco

Several institutional investors have recently added to or reduced their stakes in DAIC. Blue Owl Capital Holdings LP purchased a new position in shares of CID Holdco in the fourth quarter valued at about $251,000. Bank of America Corp DE purchased a new stake in shares of CID Holdco during the second quarter worth about $2,267,000. Bank of Montreal Can grew its stake in shares of CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after purchasing an additional 97,000 shares during the last quarter. Moore Capital Management LP bought a new stake in shares of CID Holdco in the third quarter worth about $398,000. Finally, Millennium Management LLC purchased a new position in CID Holdco during the 3rd quarter valued at about $211,000.

CID Holdco Price Performance

DAIC traded down $0.29 on Friday, hitting $1.66. 211,043 shares of the company were exchanged, compared to its average volume of 418,605. The firm has a fifty day simple moving average of $3.07 and a two-hundred day simple moving average of $6.33. CID Holdco has a 12 month low of $1.56 and a 12 month high of $153.75.

CID Holdco (NASDAQ:DAICGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($3.75) earnings per share for the quarter. The business had revenue of $0.01 million during the quarter.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.

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