iLearningEngines, Inc. (NASDAQ:AILE) Short Interest Update

iLearningEngines, Inc. (NASDAQ:AILE) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 3,790,000 shares, a decrease of 27.9% from the September 15th total of 5,260,000 shares. Based on an average daily volume of 2,990,000 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

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

Institutional Trading of iLearningEngines

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of iLearningEngines in the third quarter valued at approximately $29,000. The Manufacturers Life Insurance Company purchased a new position in iLearningEngines during the 2nd quarter worth $102,000. Squarepoint Ops LLC bought a new stake in shares of iLearningEngines in the 2nd quarter worth $123,000. Morse Asset Management Inc bought a new stake in shares of iLearningEngines in the 2nd quarter worth $1,543,000. Finally, Rhumbline Advisers purchased a new stake in shares of iLearningEngines in the second quarter valued at about $217,000. Institutional investors and hedge funds own 32.94% of the company’s stock.

iLearningEngines Price Performance

NASDAQ:AILE opened at $1.27 on Monday. The company has a debt-to-equity ratio of 20.27, a current ratio of 3.40 and a quick ratio of 3.40. iLearningEngines has a fifty-two week low of $0.71 and a fifty-two week high of $20.00. The firm’s 50 day moving average price is $2.48.

iLearningEngines (NASDAQ:AILE) last released its earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $135.54 million for the quarter, compared to analyst estimates of $127.00 million. As a group, equities research analysts anticipate that iLearningEngines will post -0.08 earnings per share for the current year.

About iLearningEngines

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.