CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Increase in Short Interest

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 312,921 shares, an increase of 80.3% from the April 30th total of 173,541 shares. Based on an average daily trading volume, of 1,712,067 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

CID Holdco Stock Performance

CID Holdco stock opened at $4.54 on Tuesday. CID Holdco has a 52-week low of $3.27 and a 52-week high of $1,875.00. The business has a 50-day simple moving average of $4.77 and a two-hundred day simple moving average of $14.49.

CID Holdco (NASDAQ:DAIC) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($3.75) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Institutional Investors Weigh In On CID Holdco

A number of hedge funds have recently modified their holdings of DAIC. Bank of Montreal Can grew its position in shares of CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares during the period. Blue Owl Capital Holdings LP bought a new position in CID Holdco in the 4th quarter worth $251,000. Millennium Management LLC purchased a new position in CID Holdco during the third quarter valued at $211,000. Moore Capital Management LP purchased a new position in CID Holdco during the third quarter valued at $398,000. Finally, Mutual Advisors LLC bought a new stake in CID Holdco during the third quarter valued at about $701,000.

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