Helport AI Limited (NASDAQ:HPAI) Sees Significant Drop in Short Interest

Helport AI Limited (NASDAQ:HPAIGet Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 185,772 shares, a decline of 34.9% from the June 30th total of 285,541 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 139,357 shares, the short-interest ratio is currently 1.3 days.

Helport AI Price Performance

Shares of NASDAQ HPAI traded down $0.01 during midday trading on Friday, reaching $0.47. 68,926 shares of the company’s stock traded hands, compared to its average volume of 542,742. The stock’s 50 day simple moving average is $0.69 and its 200-day simple moving average is $1.77. Helport AI has a one year low of $0.40 and a one year high of $4.57.

Helport AI (NASDAQ:HPAIGet Free Report) last posted its earnings results on Friday, June 26th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $8.83 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Helport AI in a research report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on HPAI

Hedge Funds Weigh In On Helport AI

An institutional investor recently bought a new stake in Helport AI stock. Goldman Sachs Group Inc. purchased a new stake in Helport AI Limited (NASDAQ:HPAIFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,631 shares of the company’s stock, valued at approximately $63,000. Institutional investors own 62.44% of the company’s stock.

About Helport AI

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Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.

Further Reading

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