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

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 83,023 shares, a drop of 52.4% from the April 15th total of 174,389 shares. Based on an average daily trading volume, of 41,772 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is currently owned by institutional investors.

Core AI Stock Down 10.1%

Shares of CHAI traded down $0.12 during mid-day trading on Friday, reaching $1.07. 60,915 shares of the stock traded hands, compared to its average volume of 96,187. The stock has a market cap of $21.31 million, a price-to-earnings ratio of -0.01 and a beta of 1.95. The firm has a fifty day moving average of $1.23. Core AI has a 12-month low of $0.95 and a 12-month high of $35.47. The company has a current ratio of 2.02, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.

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.