Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Update

Cloudastructure Inc. (NASDAQ:CSAI) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 605,063 shares, a drop of 28.4% from the December 15th total of 844,979 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily volume of 496,918 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 496,918 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

CSAI has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. Wall Street Zen cut shares of Cloudastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Trading of Cloudastructure

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in Cloudastructure during the second quarter worth $55,000. Citadel Advisors LLC bought a new position in shares of Cloudastructure during the 3rd quarter worth about $64,000. Finally, Two Sigma Investments LP grew its stake in shares of Cloudastructure by 104.6% in the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after buying an additional 47,916 shares during the period.

Cloudastructure Stock Performance

Shares of NASDAQ CSAI traded down $0.03 during midday trading on Friday, reaching $0.90. The stock had a trading volume of 195,812 shares, compared to its average volume of 359,988. The company’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.44. Cloudastructure has a twelve month low of $0.78 and a twelve month high of $52.43. The firm has a market cap of $17.49 million and a price-to-earnings ratio of -3.32.

Cloudastructure (NASDAQ:CSAI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.45 million for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.

Cloudastructure announced that its Board of Directors has authorized a share buyback program on Thursday, October 16th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.