Short Interest in Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Declines By 49.0%

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,898 shares, a drop of 49.0% from the June 15th total of 13,537 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 44,988 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have commented on HCAI shares. Wall Street Zen upgraded shares of Huachen AI Parking Management Technology to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded Huachen AI Parking Management Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Huachen AI Parking Management Technology has a consensus rating of “Sell”.

Huachen AI Parking Management Technology Price Performance

Shares of HCAI traded down $0.17 during trading hours on Wednesday, reaching $7.59. 17,931 shares of the company’s stock traded hands, compared to its average volume of 716,276. Huachen AI Parking Management Technology has a twelve month low of $3.96 and a twelve month high of $28.80. The business’s fifty day simple moving average is $8.79 and its two-hundred day simple moving average is $7.93.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($19.86) earnings per share for the quarter. The company had revenue of ($0.79) million for the quarter.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology is a China-based technology company specializing in intelligent parking solutions that leverage artificial intelligence, machine vision and the Internet of Things (IoT). The company’s core offering integrates real-time data collection with advanced analytics to automate the detection, guidance and enforcement of parking spaces in both urban and commercial settings. By combining AI-driven video analytics with sensor networks, Huachen AI delivers enhanced operational efficiency and accurate occupancy monitoring for parking lot operators and end users.

The company’s product suite includes license plate recognition cameras, smart parking sensors, automated payment kiosks and a cloud-based management platform.