Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Shares Shorted: Short Interest Down 97.8% in October

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 18,244 shares, a drop of 97.8% from the October 15th total of 838,507 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average daily trading volume, of 174,324 shares, the days-to-cover ratio is currently 0.1 days.

Huachen AI Parking Management Technology Price Performance

Shares of NASDAQ:HCAI traded up $0.01 during mid-day trading on Tuesday, reaching $3.37. The stock had a trading volume of 12,764 shares, compared to its average volume of 253,583. The business’s 50 day moving average price is $18.88 and its 200 day moving average price is $110.11. Huachen AI Parking Management Technology has a 1 year low of $2.01 and a 1 year high of $519.80.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last announced its quarterly earnings results on Wednesday, September 30th. The company reported $0.40 EPS for the quarter. The business had revenue of $1.24 million during the quarter.

Analyst Ratings Changes

Several research firms recently commented on HCAI. Wall Street Zen upgraded Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings upgraded Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Inc. is a China-based provider of parking management services and technology. The company focuses on helping manage parking facilities and supporting the digital administration of parking operations. Its activities include parking-lot management and related services, with technology intended to assist with parking access, fee collection, space utilization and operational oversight. The company’s business is designed to serve property owners, parking facility operators and users seeking more efficient parking solutions.