Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,474,071 shares, an increase of 459.4% from the August 15th total of 621,035 shares. Currently, 18.7% of the company’s stock are short sold. Based on an average daily volume of 28,717,993 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC purchased 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 institutional investor purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI as of its most recent SEC filing. Institutional investors own 9.87% of the company’s stock.

Core AI Stock Up 5.1%

Shares of NASDAQ CHAI traded up $0.01 during trading on Friday, reaching $0.27. The company had a trading volume of 532,888 shares, compared to its average volume of 16,303,566. Core AI has a 12-month low of $0.23 and a 12-month high of $15.68. The stock has a market cap of $5.38 million, a PE ratio of -0.14 and a beta of 2.07. The business’s 50-day moving average is $0.37 and its 200 day moving average is $0.90.

Core AI (NASDAQ:CHAI) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $22.35 million during the quarter. Core AI had a negative return on equity of 226.72% and a negative net margin of 68.53%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Core AI Company Profile

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.