Short Interest in CID Holdco, Inc. (NASDAQ:DAIC) Declines By 91.9%

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 20,690 shares, a decline of 91.9% from the June 15th total of 254,997 shares. Based on an average daily volume of 242,466 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of CID Holdco

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in shares of CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after acquiring an additional 97,000 shares during the last quarter. Blue Owl Capital Holdings LP acquired a new position in shares of CID Holdco during the 4th quarter valued at about $251,000. Millennium Management LLC purchased a new stake in shares of CID Holdco in the third quarter valued at about $211,000. Moore Capital Management LP purchased a new stake in shares of CID Holdco in the third quarter valued at about $398,000. Finally, Bank of America Corp DE acquired a new stake in CID Holdco during the second quarter worth about $2,267,000.

CID Holdco Trading Down 14.9%

DAIC traded down $0.29 during trading on Friday, reaching $1.66. The company’s stock had a trading volume of 211,043 shares, compared to its average volume of 418,605. The firm has a fifty day simple moving average of $3.07 and a two-hundred day simple moving average of $6.20. CID Holdco has a 1 year low of $1.56 and a 1 year high of $153.75.

CID Holdco (NASDAQ:DAIC) last issued its earnings results on Tuesday, May 12th. The company reported ($3.75) earnings per share for the quarter. The firm had revenue of $0.01 million during the quarter.

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