CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 185,622 shares, a decline of 40.7% from the May 14th total of 312,921 shares. Based on an average trading volume of 467,860 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in CID Holdco in the 2nd quarter worth $2,267,000. Moore Capital Management LP purchased a new stake in CID Holdco in the 3rd quarter worth $398,000. Millennium Management LLC purchased a new stake in CID Holdco in the 3rd quarter worth $211,000. Sandia Investment Management LP purchased a new stake in CID Holdco in the 2nd quarter worth $112,000. Finally, Bank of Montreal Can lifted its stake in CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after purchasing an additional 97,000 shares in the last quarter.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
CID Holdco Trading Down 5.7%
CID Holdco stock traded down $0.11 during mid-day trading on Monday, hitting $1.81. The stock had a trading volume of 534,323 shares, compared to its average volume of 449,117. The firm’s 50 day moving average is $4.41 and its 200 day moving average is $11.53. CID Holdco has a one year low of $1.64 and a one year high of $1,875.00.
CID Holdco (NASDAQ:DAIC – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($3.75) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.
CID Holdco, Inc is a manufacturing company in the Computer Software industry.
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