Core AI Holdings (NASDAQ:CHAI – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,474,071 shares, an increase of 459.4% from the August 15th total of 621,035 shares. Based on an average trading volume of 28,717,993 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.7% of the company’s stock are sold short.
Hedge Funds Weigh In On Core AI
An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new position in Core AI Holdings (NASDAQ:CHAI – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 9.87% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Core AI Stock Performance
Core AI stock traded down $0.00 during mid-day trading on Friday, reaching $0.26. 99,202 shares of the company were exchanged, compared to its average volume of 5,176,528. The firm has a market cap of $5.12 million, a P/E ratio of -0.13 and a beta of 2.07. The business has a fifty day moving average of $0.38 and a 200 day moving average of $0.91. Core AI has a 12-month low of $0.23 and a 12-month high of $15.68.
Core AI (NASDAQ:CHAI – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $22.35 million during the quarter. Core AI had a negative net margin of 68.53% and a negative return on equity of 226.72%.
Core AI Company Profile
Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.
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