Helport AI Limited (NASDAQ:HPAI) Sees Large Decrease in Short Interest

Helport AI Limited (NASDAQ:HPAIGet Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 185,772 shares, a decline of 34.9% from the June 30th total of 285,541 shares. Based on an average daily trading volume, of 139,357 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Helport AI in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on Helport AI

Helport AI Stock Up 2.9%

Shares of HPAI opened at $0.50 on Friday. The firm’s 50 day moving average price is $0.68 and its 200 day moving average price is $1.76. Helport AI has a twelve month low of $0.40 and a twelve month high of $4.57.

Helport AI (NASDAQ:HPAIGet Free Report) last posted its earnings results on Friday, June 26th. The company reported ($0.02) EPS for the quarter. The business had revenue of $8.83 million for the quarter.

Institutional Investors Weigh In On Helport AI

A hedge fund recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. bought a new position in shares of Helport AI Limited (NASDAQ:HPAIFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is owned by institutional investors and hedge funds.

Helport AI Company Profile

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Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.

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