Short Interest in Core AI Holdings (NASDAQ:CHAI) Declines By 48.4%

Core AI Holdings (NASDAQ:CHAI) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 195,731 shares, a decline of 48.4% from the June 30th total of 378,959 shares. Based on an average daily trading volume, of 416,681 shares, the short-interest ratio is currently 0.5 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC purchased a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Core AI Price Performance

CHAI stock traded down $0.03 during trading on Wednesday, hitting $0.44. The stock had a trading volume of 3,557,312 shares, compared to its average volume of 3,945,300. Core AI has a twelve month low of $0.36 and a twelve month high of $15.92. The stock has a market capitalization of $8.69 million, a P/E ratio of -0.10 and a beta of 1.99. The company’s 50-day moving average price is $0.82 and its two-hundred day moving average price is $1.26.

Core AI (NASDAQ:CHAI) last announced its earnings results on Tuesday, June 30th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $3.77 million for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.