Short Interest in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Rises By 21.6%

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 44,500 shares, a growth of 21.6% from the June 15th total of 36,600 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are short sold.

MultiSensor AI Price Performance

Shares of NASDAQ MSAI traded up $0.03 during mid-day trading on Tuesday, hitting $1.60. 7,145 shares of the stock traded hands, compared to its average volume of 113,509. MultiSensor AI has a twelve month low of $1.56 and a twelve month high of $14.00. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1.25. The firm has a 50 day simple moving average of $2.12 and a two-hundred day simple moving average of $2.50.

MultiSensor AI (NASDAQ:MSAI) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The firm had revenue of $2.28 million during the quarter, compared to analysts’ expectations of $2.30 million. Research analysts anticipate that MultiSensor AI will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm began coverage on shares of MultiSensor AI in a research note on Monday, April 15th. They issued a “buy” rating and a $8.00 price objective for the company.

Institutional Investors Weigh In On MultiSensor AI

An institutional investor recently raised its position in MultiSensor AI stock. Sanders Morris Harris LLC grew its holdings in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) by 644.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,312,701 shares of the company’s stock after acquiring an additional 2,867,506 shares during the period. MultiSensor AI comprises 0.9% of Sanders Morris Harris LLC’s holdings, making the stock its 23rd largest holding. Sanders Morris Harris LLC owned about 23.88% of MultiSensor AI worth $5,433,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 82.32% of the company’s stock.

MultiSensor AI Company Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.