CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Down 84.0% in January

CID Holdco, Inc. (NASDAQ:DAIC) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 445,291 shares, a drop of 84.0% from the December 31st total of 2,779,841 shares. Based on an average daily volume of 728,211 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 728,211 shares, the days-to-cover ratio is currently 0.6 days.

CID Holdco Price Performance

Shares of NASDAQ DAIC traded down $0.01 during midday trading on Tuesday, reaching $0.42. 77,061 shares of the stock were exchanged, compared to its average volume of 531,545. The firm has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $2.77. CID Holdco has a twelve month low of $0.37 and a twelve month high of $75.00.

CID Holdco (NASDAQ:DAIC) last posted its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $0.78 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of CID Holdco

Institutional investors have recently made changes to their positions in the company. Scratch Capital LLC acquired a new stake in shares of CID Holdco in the third quarter valued at about $27,000. Sandia Investment Management LP acquired a new position in CID Holdco during the second quarter worth about $112,000. DecisionPoint Financial LLC purchased a new stake in CID Holdco during the 2nd quarter valued at about $158,000. Millennium Management LLC purchased a new stake in CID Holdco during the 3rd quarter valued at about $211,000. Finally, Highbridge Capital Management LLC acquired a new stake in CID Holdco in the 2nd quarter valued at about $513,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.