Core AI Holdings (NASDAQ:CHAI) Sees Significant Growth in Short Interest

Core AI Holdings (NASDAQ:CHAI) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 937,734 shares, an increase of 83.1% from the September 15th total of 512,069 shares. Currently, 5.1% of the shares of the stock are sold short. Based on an average daily volume of 904,985 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Core AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Core AI Trading Down 2.1%

Shares of NASDAQ:CHAI opened at $0.21 on Thursday. The firm’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.68. Core AI has a fifty-two week low of $0.20 and a fifty-two week high of $5.40.

Core AI (NASDAQ:CHAI) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.08) EPS for the quarter. Core AI had a negative return on equity of 226.72% and a negative net margin of 68.53%. The business had revenue of $22.35 million for the quarter.

About Core AI

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.