Core AI Holdings (NASDAQ:CHAI) Shares Shorted: Short Interest Up 83.1% in September

Core AI Holdings (NASDAQ:CHAI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 937,734 shares, an increase of 83.1% from the September 15th total of 512,069 shares. Based on an average daily trading volume, of 904,985 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Core AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Core AI Trading Down 2.4%

Shares of NASDAQ:CHAI traded down $0.01 during trading on Friday, hitting $0.21. 70,390 shares of the company were exchanged, compared to its average volume of 4,603,353. Core AI has a fifty-two week low of $0.20 and a fifty-two week high of $5.40. The stock has a market cap of $4.10 million, a price-to-earnings ratio of -0.11 and a beta of 2.11. The firm has a fifty day moving average price of $0.28 and a two-hundred day moving average price of $0.68.

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

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.