Short Interest in iLearningEngines, Inc. (NASDAQ:AILE) Increases By 5.8%

iLearningEngines, Inc. (NASDAQ:AILE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,410,000 shares, a growth of 5.8% from the October 15th total of 4,170,000 shares. Based on an average daily volume of 3,180,000 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and set a $18.00 price target on shares of iLearningEngines in a research report on Wednesday, September 11th.

Institutional Trading of iLearningEngines

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in iLearningEngines by 24.0% during the third quarter. State Street Corp now owns 693,377 shares of the company’s stock valued at $1,158,000 after acquiring an additional 134,202 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of iLearningEngines by 208.9% during the 3rd quarter. Morse Asset Management Inc now owns 524,950 shares of the company’s stock worth $877,000 after purchasing an additional 354,988 shares during the period. Jane Street Group LLC acquired a new stake in shares of iLearningEngines during the 3rd quarter worth approximately $160,000. Bank of New York Mellon Corp purchased a new position in shares of iLearningEngines during the 2nd quarter valued at approximately $775,000. Finally, Claro Advisors LLC lifted its stake in shares of iLearningEngines by 359.3% in the 3rd quarter. Claro Advisors LLC now owns 54,271 shares of the company’s stock valued at $91,000 after purchasing an additional 42,454 shares during the period. Hedge funds and other institutional investors own 32.94% of the company’s stock.

iLearningEngines Price Performance

NASDAQ:AILE opened at $1.50 on Monday. The firm’s fifty day moving average is $1.49 and its two-hundred day moving average is $4.86. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 20.27. iLearningEngines has a one year low of $0.71 and a one year high of $20.00.

About iLearningEngines

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.