CID Holdco, Inc. (NASDAQ:DAIC) Sees Large Growth in Short Interest

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 51,600 shares, a growth of 116.8% from the September 15th total of 23,800 shares. Based on an average daily volume of 94,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 94,600 shares, the days-to-cover ratio is currently 0.5 days.

CID Holdco Stock Up 3.1%

Shares of DAIC opened at $2.70 on Monday. The stock has a 50 day moving average price of $3.65. CID Holdco has a 1 year low of $2.45 and a 1 year high of $75.00.

Institutional Trading of CID Holdco

Several hedge funds and other institutional investors have recently bought and sold shares of DAIC. Scratch Capital LLC bought a new stake in CID Holdco in the third quarter valued at approximately $27,000. Sandia Investment Management LP bought a new stake in CID Holdco in the second quarter valued at approximately $112,000. DecisionPoint Financial LLC bought a new stake in CID Holdco in the second quarter valued at approximately $158,000. Highbridge Capital Management LLC bought a new position in shares of CID Holdco during the second quarter valued at approximately $513,000. Finally, Bank of America Corp DE bought a new position in shares of CID Holdco during the second quarter valued at approximately $2,267,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen lowered CID Holdco to a “strong sell” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, CID Holdco has a consensus rating of “Sell”.

Read Our Latest Research Report on CID Holdco

CID Holdco, Inc is a manufacturing company in the Computer Software industry.

Featured Stories

Receive News & Ratings for CID Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CID Holdco and related companies with MarketBeat.com's FREE daily email newsletter.