Short Interest in CID Holdco, Inc. (NASDAQ:DAIC) Declines By 55.4%

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 135,513 shares, a decline of 55.4% from the March 15th total of 303,626 shares. Based on an average daily trading volume, of 1,011,836 shares, the days-to-cover ratio is presently 0.1 days.

CID Holdco Price Performance

Shares of NASDAQ:DAIC traded up $0.02 during mid-day trading on Tuesday, reaching $0.22. The stock had a trading volume of 221,592 shares, compared to its average volume of 609,242. CID Holdco has a 1 year low of $0.16 and a 1 year high of $75.00. The business’s 50 day moving average price is $0.24 and its 200 day moving average price is $1.16.

CID Holdco (NASDAQ:DAICGet Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $4.55 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CID Holdco presently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on DAIC

Institutional Investors Weigh In On CID Holdco

A number of hedge funds have recently bought and sold shares of DAIC. Sandia Investment Management LP bought a new position in CID Holdco during the second quarter valued at $112,000. Bank of America Corp DE bought a new stake in shares of CID Holdco in the 2nd quarter worth about $2,267,000. Scratch Capital LLC bought a new stake in shares of CID Holdco in the 3rd quarter worth about $27,000. Mutual Advisors LLC purchased a new stake in shares of CID Holdco during the 3rd quarter valued at about $701,000. Finally, Moore Capital Management LP purchased a new stake in shares of CID Holdco during the 3rd quarter valued at about $398,000.

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

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