CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 156,804 shares, a growth of 348.9% from the July 30th total of 34,929 shares. Based on an average daily volume of 528,690 shares, the days-to-cover ratio is currently 0.3 days.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Weiss Ratings raised CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. Wall Street Zen upgraded CID Holdco to a “sell” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Report on CID Holdco
CID Holdco Stock Performance
Hedge Funds Weigh In On CID Holdco
Several hedge funds and other institutional investors have recently bought and sold shares of DAIC. Bank of Montreal Can lifted its stake in CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares during the period. Sandia Investment Management LP purchased a new position in shares of CID Holdco during the second quarter worth $112,000. Millennium Management LLC purchased a new position in shares of CID Holdco during the third quarter worth $211,000. Blue Owl Capital Holdings LP acquired a new position in CID Holdco during the fourth quarter valued at $251,000. Finally, Moore Capital Management LP acquired a new position in CID Holdco during the third quarter valued at $398,000.
CID Holdco, Inc is a technology company in the Application Software industry.
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