BrainChip Holdings Ltd (OTCMKTS:BRCHF) Sees Significant Increase in Short Interest

BrainChip Holdings Ltd (OTCMKTS:BRCHF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 269,200 shares, an increase of 33.5% from the February 13th total of 201,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 378,200 shares, the days-to-cover ratio is currently 0.7 days.

BrainChip Stock Performance

BRCHF opened at $0.14 on Friday. The business has a 50 day moving average price of $0.19 and a 200 day moving average price of $0.17. BrainChip has a twelve month low of $0.10 and a twelve month high of $0.28.

BrainChip Company Profile

BrainChip Holdings Ltd develops software and hardware accelerated solutions for artificial intelligence and machine learning applications in North America, Oceania, Europe, the Middle East, and Asia. The company primarily focuses on development of Akida Neuromorphic Processor to provide ultra-low power and fast AI Edge Network for vision, audio, olfactory, and smart transducer applications.