Cloudastructure Inc. (NASDAQ:CSAI) Short Interest Down 95.1% in July

Cloudastructure Inc. (NASDAQ:CSAI) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 35,986 shares, a decrease of 95.1% from the July 15th total of 737,647 shares. Based on an average trading volume of 40,356 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Cloudastructure during the 2nd quarter valued at about $55,000. Citadel Advisors LLC acquired a new position in Cloudastructure in the third quarter valued at approximately $64,000. State Street Corp boosted its stake in Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after acquiring an additional 16,500 shares during the period. Two Sigma Investments LP grew its holdings in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after purchasing an additional 42,204 shares during the period.

Analyst Ratings Changes

Several research firms have recently weighed in on CSAI. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. Maxim Group decreased their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cloudastructure currently has an average rating of “Hold” and an average price target of $45.00.

Cloudastructure Stock Performance

Shares of NASDAQ CSAI traded down $0.02 during trading on Tuesday, reaching $5.34. The stock had a trading volume of 39,511 shares, compared to its average volume of 97,344. The stock has a market cap of $4.43 million, a PE ratio of -0.33 and a beta of 1.13. Cloudastructure has a one year low of $3.53 and a one year high of $69.15. The firm’s 50 day moving average price is $9.24 and its two-hundred day moving average price is $15.33.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.