Cloudastructure Inc. (NASDAQ:CSAI) Stock Short Interest Report for October

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 38,812 shares, a drop of 52.6% from the September 30th total of 81,848 shares. Based on an average daily volume of 31,214 shares, the days-to-cover ratio is currently 1.2 days. Approximately 5.7% of the company’s shares are short sold.

Cloudastructure Trading Down 6.1%

NASDAQ:CSAI traded down $0.14 during trading hours on Friday, reaching $2.15. 8,432 shares of the company were exchanged, compared to its average volume of 19,170. The firm has a market cap of $1.86 million, a price-to-earnings ratio of -0.15 and a beta of 1.29. The stock has a 50 day simple moving average of $3.37 and a 200 day simple moving average of $12.32. Cloudastructure has a 52-week low of $2.03 and a 52-week high of $69.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.96 and a quick ratio of 4.71.

Cloudastructure (NASDAQ:CSAI) last released its quarterly earnings data on Tuesday, August 18th. The company reported ($2.32) EPS for the quarter, topping analysts’ consensus estimates of ($2.70) by $0.38. The business had revenue of $1.23 million during the quarter. Cloudastructure had a negative return on equity of 167.05% and a negative net margin of 145.25%. As a group, analysts predict that Cloudastructure will post -9.75 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on CSAI. Wall Street Zen lowered Cloudastructure to a “strong sell” rating in a research note on Saturday, August 15th. Maxim Group decreased their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.00.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) provides cloud-based physical security and video surveillance solutions. Its platform is designed to help organizations manage security cameras and related systems remotely, while using artificial intelligence and computer-vision tools to analyze video and identify potentially significant events.

The company’s offerings include cloud video management, video surveillance, security monitoring, and analytics capabilities. These tools are intended to support applications such as facility protection, incident detection, access oversight, and the review of recorded video without requiring organizations to maintain extensive on-site video storage and processing infrastructure.

Cloudastructure serves commercial and other institutional users seeking centralized, scalable security technology.