CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Growth in Short Interest

CID Holdco, Inc. (NASDAQ:DAIC) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 312,921 shares, an increase of 80.3% from the April 30th total of 173,541 shares. Based on an average daily volume of 1,712,067 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CID Holdco in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CID Holdco has an average rating of “Sell”.

CID Holdco Stock Performance

Shares of NASDAQ DAIC opened at $3.08 on Thursday. CID Holdco has a 52-week low of $2.80 and a 52-week high of $1,875.00. The firm has a 50 day moving average price of $4.73 and a two-hundred day moving average price of $13.64.

CID Holdco (NASDAQ:DAIC) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($3.75) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.

Institutional Trading of CID Holdco

Several institutional investors have recently modified their holdings of the business. Blue Owl Capital Holdings LP bought a new stake in shares of CID Holdco in the fourth quarter worth $251,000. Bank of America Corp DE acquired a new stake in shares of CID Holdco during the second quarter worth $2,267,000. Mutual Advisors LLC acquired a new stake in shares of CID Holdco during the third quarter worth $701,000. Bank of Montreal Can increased its position in shares of CID Holdco by 97.0% during the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock worth $88,000 after buying an additional 97,000 shares during the period. Finally, Moore Capital Management LP acquired a new stake in shares of CID Holdco during the third quarter worth $398,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.