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

Helport AI Limited (NASDAQ:HPAI) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 185,772 shares, a drop of 34.9% from the June 30th total of 285,541 shares. Based on an average daily trading volume, of 139,357 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

Helport AI Stock Performance

HPAI stock opened at $0.50 on Friday. Helport AI has a 52-week low of $0.40 and a 52-week high of $4.57. The company’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $1.76.

Helport AI (NASDAQ:HPAI) last posted its quarterly earnings data on Friday, June 26th. The company reported ($0.02) EPS for the quarter. The company had revenue of $8.83 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Helport AI in a research report on Friday, July 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. purchased a new stake in shares of Helport AI Limited (NASDAQ:HPAI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is owned by hedge funds and other institutional investors.

Helport AI Company Profile

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.