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

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 192,184 shares, a decrease of 24.2% from the February 12th total of 253,375 shares. Based on an average daily trading volume, of 143,718 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 143,718 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of CID Holdco

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Owl Capital Holdings LP acquired a new stake in shares of CID Holdco in the fourth quarter valued at $251,000. Bank of America Corp DE bought a new stake in CID Holdco in the second quarter worth about $2,267,000. Mutual Advisors LLC bought a new stake in CID Holdco in the third quarter worth about $701,000. Bank of Montreal Can lifted its holdings in CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares during the last quarter. Finally, Moore Capital Management LP bought a new position in shares of CID Holdco during the 3rd quarter valued at about $398,000.

CID Holdco Stock Down 0.6%

CID Holdco stock traded down $0.00 during trading hours on Friday, hitting $0.24. 681,691 shares of the company traded hands, compared to its average volume of 563,031. CID Holdco has a 1-year low of $0.21 and a 1-year high of $75.00. The firm’s 50-day simple moving average is $0.34 and its two-hundred day simple moving average is $1.69.

CID Holdco (NASDAQ:DAIC) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $4.55 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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