Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,313,509 shares, an increase of 571.1% from the July 15th total of 195,731 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average trading volume of 23,871,296 shares, the short-interest ratio is presently 0.1 days.

Core AI Stock Down 5.2%

Shares of NASDAQ CHAI traded down $0.02 during trading on Wednesday, reaching $0.30. 455,023 shares of the company traded hands, compared to its average volume of 3,747,814. The firm has a 50 day simple moving average of $0.67 and a 200-day simple moving average of $1.13. Core AI has a 52-week low of $0.29 and a 52-week high of $15.68. The stock has a market capitalization of $6.03 million, a PE ratio of -0.07 and a beta of 2.02.

Core AI (NASDAQ:CHAI) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.18) EPS for the quarter. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.The business had revenue of $3.77 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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, Based on data from MarketBeat, Core AI has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent SEC filing. Institutional investors 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.