Short Interest in Core AI Holdings (NASDAQ:CHAI) Declines By 42.7%

Core AI Holdings (NASDAQ:CHAI) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 378,959 shares, a drop of 42.7% from the June 15th total of 661,131 shares. Based on an average daily trading volume, of 877,891 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC purchased a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is owned by institutional investors.

Core AI Trading Down 4.4%

CHAI traded down $0.02 during trading on Friday, reaching $0.44. 66,846 shares of the company were exchanged, compared to its average volume of 2,061,302. The stock has a market cap of $8.84 million, a P/E ratio of -0.10 and a beta of 1.99. The firm has a 50 day moving average of $0.93 and a 200 day moving average of $1.34. Core AI has a 52 week low of $0.44 and a 52 week high of $18.24.

Core AI (NASDAQ:CHAI) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.14) earnings per share (EPS) for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%. The company had revenue of $3.77 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.