Helport AI Limited (NASDAQ:HPAI) Short Interest Update

Helport AI Limited (NASDAQ:HPAI) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 454,765 shares, an increase of 144.8% from the July 15th total of 185,772 shares. Based on an average daily trading volume, of 938,244 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. bought a new position in shares of Helport AI Limited (NASDAQ:HPAI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.

Helport AI Price Performance

Shares of HPAI stock opened at $0.49 on Friday. Helport AI has a 12 month low of $0.40 and a 12 month high of $4.57. The company’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $1.55.

Helport AI (NASDAQ:HPAI) last announced its quarterly earnings data on Friday, June 26th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $8.83 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Helport AI in a report on Friday, July 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Helport AI currently has an average rating of “Sell”.

About Helport AI

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.