Short Interest in Helport AI Limited (NASDAQ:HPAI) Rises By 144.8%

Helport AI Limited (NASDAQ:HPAI) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 454,765 shares, an increase of 144.8% from the July 15th total of 185,772 shares. Based on an average daily volume of 938,244 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Helport AI in a report on Friday, July 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Helport AI

A hedge fund recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. bought a new stake in Helport AI Limited (NASDAQ:HPAI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,631 shares of the company’s stock, valued at approximately $63,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.

Helport AI Stock Performance

NASDAQ:HPAI traded down $0.02 on Friday, reaching $0.46. The stock had a trading volume of 379,877 shares, compared to its average volume of 514,482. Helport AI has a 12-month low of $0.40 and a 12-month high of $4.57. The company has a 50-day moving average of $0.60 and a 200 day moving average of $1.56.

Helport AI (NASDAQ:HPAI) last released its quarterly earnings results on Friday, June 26th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $8.83 million for the quarter.

Helport AI Company Profile

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.