MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Short Interest Update

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 245,400 shares, a decrease of 28.5% from the September 15th total of 343,400 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 164,400 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 164,400 shares, the short-interest ratio is currently 1.5 days. Approximately 1.0% of the company’s stock are short sold.

MultiSensor AI Trading Down 28.8%

Shares of MultiSensor AI stock opened at $0.96 on Friday. The business’s 50 day simple moving average is $0.69 and its 200-day simple moving average is $0.74. MultiSensor AI has a twelve month low of $0.46 and a twelve month high of $3.33.

MultiSensor AI (NASDAQ:MSAI) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.10). The business had revenue of $1.42 million for the quarter, compared to analysts’ expectations of $2.10 million. MultiSensor AI had a negative return on equity of 126.32% and a negative net margin of 338.72%. Research analysts anticipate that MultiSensor AI will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Gary Eugene Strahan sold 42,775 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $0.78, for a total value of $33,364.50. Following the completion of the transaction, the insider owned 3,272,318 shares of the company’s stock, valued at approximately $2,552,408.04. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.40% of the company’s stock.

Institutional Trading of MultiSensor AI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC raised its position in shares of MultiSensor AI by 8.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 3,238,786 shares of the company’s stock worth $2,089,000 after purchasing an additional 265,130 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of MultiSensor AI by 130.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 86,573 shares of the company’s stock worth $52,000 after purchasing an additional 49,014 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of MultiSensor AI by 310,500.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock worth $29,000 after purchasing an additional 31,050 shares during the period. 82.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on MSAI shares. D Boral Capital raised MultiSensor AI to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MultiSensor AI in a report on Wednesday, October 8th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $3.00 target price on shares of MultiSensor AI in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3.00.

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.