Core AI Holdings (NASDAQ:CHAI) Sees Large Decrease in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 621,035 shares, a decline of 52.7% from the July 30th total of 1,313,509 shares. Based on an average daily volume of 731,662 shares, the short-interest ratio is presently 0.8 days. Currently, 3.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC purchased a new position in Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI at the end of the most recent reporting period. 9.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Core AI Trading Up 57.1%

Shares of CHAI stock traded up $0.15 on Friday, reaching $0.40. 300,934,428 shares of the company’s stock were exchanged, compared to its average volume of 685,802. The company’s fifty day simple moving average is $0.45 and its 200 day simple moving average is $0.99. Core AI has a 52 week low of $0.23 and a 52 week high of $15.68. The stock has a market capitalization of $7.97 million, a PE ratio of -0.20 and a beta of 2.02.

Core AI (NASDAQ:CHAI) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) EPS for the quarter. Core AI had a negative net margin of 50.81% and a negative return on equity of 142.15%. The business had revenue of $22.35 million during the quarter.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.