Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Shares Shorted: Short Interest Up 1,665.6% in September

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 244,907 shares, an increase of 1,665.6% from the August 31st total of 13,871 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average trading volume of 753,312 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HCAI. Wall Street Zen lowered shares of Huachen AI Parking Management Technology from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Weiss Ratings downgraded Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Huachen AI Parking Management Technology Stock Performance

NASDAQ:HCAI traded down $0.02 during trading hours on Thursday, hitting $0.53. The company had a trading volume of 253,741 shares, compared to its average volume of 667,167. The stock has a 50-day moving average price of $3.93 and a 200 day moving average price of $6.34. Huachen AI Parking Management Technology has a 52 week low of $0.49 and a 52 week high of $25.99.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and smart parking solutions. Through its operating subsidiaries, the company manages parking facilities and applies technology to support parking-lot operations, payment collection, space utilization, and related administrative functions.

The company’s services are designed to help parking-lot owners and operators improve operational efficiency and enhance the experience for drivers.