Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Stock Short Interest Report for September

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 57,489 shares, a drop of 76.5% from the September 15th total of 244,907 shares. Based on an average daily trading volume, of 1,758,945 shares, the short-interest ratio is currently 0.0 days. Currently, 0.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HCAI shares. Wall Street Zen upgraded shares of 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 (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Huachen AI Parking Management Technology presently has a consensus rating of “Sell”.

Huachen AI Parking Management Technology Stock Performance

Shares of NASDAQ:HCAI opened at $0.47 on Friday. Huachen AI Parking Management Technology has a 12-month low of $0.45 and a 12-month high of $25.99. The company’s 50 day moving average price is $2.91 and its two-hundred day moving average price is $5.97.

Huachen AI Parking Management Technology’s stock is set to reverse split on the morning of Friday, October 23rd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 22nd.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $1.24 million for the quarter.

Huachen AI Parking Management Technology Company Profile

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.