MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Short Interest Down 45.9% in May

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 223,100 shares, a drop of 45.9% from the May 15th total of 412,300 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 82,800 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reiterated a “buy” rating and issued a $2.50 price target on shares of MultiSensor AI in a research note on Tuesday, June 3rd.

Institutional Investors Weigh In On MultiSensor AI

Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new stake in shares of MultiSensor AI in the 4th quarter worth about $25,000. SBI Securities Co. Ltd. raised its holdings in MultiSensor AI by 310,500.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock valued at $29,000 after buying an additional 31,050 shares during the period. Finally, Geode Capital Management LLC increased its position in MultiSensor AI by 39.1% during the fourth quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock valued at $331,000 after acquiring an additional 50,497 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.

MultiSensor AI Trading Up 2.6%

Shares of NASDAQ:MSAI traded up $0.02 during mid-day trading on Monday, reaching $0.70. 50,264 shares of the company traded hands, compared to its average volume of 327,410. MultiSensor AI has a 52 week low of $0.67 and a 52 week high of $3.33. The company’s 50 day moving average price is $0.82 and its 200-day moving average price is $1.23.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.14) EPS for the quarter. The business had revenue of $1.17 million during the quarter, compared to analysts’ expectations of $6.90 million. MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. As a group, equities research analysts expect that MultiSensor AI will post -0.83 EPS for the current year.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.