Core AI Holdings (NASDAQ:CHAI) Sees Large Decrease in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 83,023 shares, a drop of 52.4% from the April 15th total of 174,389 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,772 shares, the short-interest ratio is currently 2.0 days.

Core AI Trading Down 9.7%

NASDAQ CHAI traded down $0.11 on Friday, reaching $1.08. 56,801 shares of the company were exchanged, compared to its average volume of 87,544. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.48. The firm has a fifty day simple moving average of $1.24. The company has a market cap of $21.42 million, a PE ratio of -0.01 and a beta of 1.95. Core AI has a fifty-two week low of $0.95 and a fifty-two week high of $35.47.

Institutional Trading of Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC bought a new stake 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 bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent SEC filing. Institutional investors and hedge funds own 9.87% of the company’s stock.

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.