Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 378,959 shares, a decline of 42.7% from the June 15th total of 661,131 shares. Based on an average daily volume of 877,891 shares, the short-interest ratio is currently 0.4 days. Currently, 2.0% of the shares of the company are sold short.

Core AI Trading Down 9.5%

CHAI stock traded down $0.04 during trading on Friday, reaching $0.42. The stock had a trading volume of 143,659 shares, compared to its average volume of 491,438. Core AI has a 52 week low of $0.42 and a 52 week high of $18.24. The stock’s 50 day moving average is $0.92 and its two-hundred day moving average is $1.34. The firm has a market cap of $8.37 million, a PE ratio of -0.10 and a beta of 1.99.

Core AI (NASDAQ:CHAI) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $3.77 million for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new position in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus 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.