CID Holdco, Inc. (NASDAQ:DAIC) Sees Large Growth in Short Interest

CID Holdco, Inc. (NASDAQ:DAICGet Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 454,414 shares, a growth of 189.8% from the August 15th total of 156,804 shares. Based on an average trading volume of 29,315,380 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of CID Holdco from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of CID Holdco in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CID Holdco presently has an average rating of “Sell”.

Check Out Our Latest Report on DAIC

Institutional Trading of CID Holdco

Several institutional investors and hedge funds have recently modified their holdings of DAIC. Millennium Management LLC acquired a new position in shares of CID Holdco during the 3rd quarter worth approximately $211,000. Moore Capital Management LP acquired a new stake in CID Holdco during the 3rd quarter valued at $398,000. Bank of America Corp DE purchased a new position in CID Holdco during the second quarter worth $2,267,000. Sandia Investment Management LP purchased a new position in CID Holdco during the second quarter worth $112,000. Finally, Bank of Montreal Can increased its position in CID Holdco by 97.0% during the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after buying an additional 97,000 shares in the last quarter.

CID Holdco Stock Down 9.0%

NASDAQ:DAIC opened at $2.53 on Friday. The firm’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $3.43. CID Holdco has a fifty-two week low of $0.37 and a fifty-two week high of $98.75.

CID Holdco, Inc is a technology company in the Application Software industry.

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