Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Update

Cloudastructure Inc. (NASDAQ:CSAI) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,986 shares, a decrease of 95.1% from the July 15th total of 737,647 shares. Based on an average daily trading volume, of 40,356 shares, the short-interest ratio is presently 0.9 days. Approximately 5.5% of the company’s stock are short sold.

Analyst Ratings Changes

CSAI has been the subject of a number of analyst reports. Maxim Group reduced their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On Cloudastructure

A number of institutional investors have recently modified their holdings of CSAI. State Street Corp boosted its stake in Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after buying an additional 16,500 shares in the last quarter. Geode Capital Management LLC grew its position in Cloudastructure by 27.3% in the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after acquiring an additional 42,204 shares during the period. Citadel Advisors LLC acquired a new position in Cloudastructure during the third quarter worth $64,000. Two Sigma Investments LP lifted its holdings in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after acquiring an additional 47,916 shares during the period. Finally, XTX Topco Ltd acquired a new position in Cloudastructure in the second quarter valued at about $55,000.

Cloudastructure Trading Down 2.2%

NASDAQ CSAI traded down $0.12 during trading on Wednesday, reaching $5.22. 6,801 shares of the company’s stock were exchanged, compared to its average volume of 25,504. Cloudastructure has a fifty-two week low of $3.53 and a fifty-two week high of $69.15. The firm has a market capitalization of $4.35 million, a PE ratio of -0.32 and a beta of 1.13. The company’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $15.33.

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.