Cloudastructure Inc. (NASDAQ:CSAI) Sees Significant Increase in Short Interest

Cloudastructure Inc. (NASDAQ:CSAI) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 65,321 shares, a growth of 93.7% from the August 15th total of 33,724 shares. Currently, 9.6% of the shares of the stock are sold short. Based on an average trading volume of 74,087 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CSAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. Wall Street Zen downgraded Cloudastructure to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Maxim Group dropped their price objective on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Cloudastructure Price Performance

Cloudastructure stock traded down $0.18 during trading hours on Wednesday, hitting $3.09. 57,386 shares of the stock were exchanged, compared to its average volume of 30,690. The stock has a market capitalization of $2.69 million, a P/E ratio of -0.22 and a beta of 1.15. The business’s 50-day moving average is $6.54 and its two-hundred day moving average is $12.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.71 and a current ratio of 4.96. Cloudastructure has a 12 month low of $3.01 and a 12 month high of $69.15.

Cloudastructure (NASDAQ:CSAI) last announced its earnings results on Tuesday, August 18th. The company reported ($2.32) EPS for the quarter, topping the consensus estimate of ($2.70) by $0.38. The business had revenue of $1.23 million for the quarter. Cloudastructure had a negative return on equity of 167.05% and a negative net margin of 145.25%. Equities research analysts expect that Cloudastructure will post -9.75 EPS for the current fiscal year.

About Cloudastructure

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.