CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 51,600 shares, an increase of 116.8% from the September 15th total of 23,800 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 94,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 94,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Investors Weigh In On CID Holdco
Several hedge funds have recently modified their holdings of the company. Scratch Capital LLC purchased a new position in shares of CID Holdco during the 3rd quarter worth $27,000. Sandia Investment Management LP acquired a new position in CID Holdco during the second quarter valued at approximately $112,000. DecisionPoint Financial LLC acquired a new stake in shares of CID Holdco in the second quarter worth $158,000. Highbridge Capital Management LLC purchased a new position in shares of CID Holdco in the 2nd quarter valued at $513,000. Finally, Bank of America Corp DE acquired a new position in shares of CID Holdco during the 2nd quarter valued at $2,267,000.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on DAIC shares. Wall Street Zen cut CID Holdco to a “strong sell” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of CID Holdco in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
CID Holdco Stock Performance
DAIC stock opened at $2.67 on Wednesday. CID Holdco has a 1 year low of $2.45 and a 1 year high of $75.00. The company has a 50 day moving average of $3.55.
CID Holdco, Inc is a manufacturing company in the Computer Software industry.
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