Cloudastructure Inc. (NASDAQ:CSAI) Shares Shorted: Short Interest Up 138.3% in October

Cloudastructure Inc. (NASDAQ:CSAI) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 92,500 shares, a growth of 138.3% from the October 15th total of 38,812 shares. Based on an average daily volume of 13,196 shares, the days-to-cover ratio is currently 7.0 days. Approximately 13.6% of the company’s stock are short sold.

Cloudastructure Trading Down 7.2%

Shares of Cloudastructure stock traded down $0.11 on Friday, reaching $1.42. The company’s stock had a trading volume of 41,442 shares, compared to its average volume of 18,370. The firm’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $11.09. Cloudastructure has a 52 week low of $1.38 and a 52 week high of $40.80. The company has a quick ratio of 4.71, a current ratio of 4.96 and a debt-to-equity ratio of 0.37.

Cloudastructure (NASDAQ:CSAI) last posted its quarterly earnings results on Tuesday, August 18th. The company reported ($2.32) earnings per share for the quarter, topping the consensus estimate of ($2.70) by $0.38. The firm 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%. On average, sell-side analysts predict that Cloudastructure will post -9.75 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CSAI. Maxim Group reduced their price objective on shares of Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen downgraded shares of Cloudastructure to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cloudastructure has an average rating of “Hold” and a consensus price target of $45.00.

About Cloudastructure

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.