Core AI Holdings (NASDAQ:CHAI) Short Interest Update

Core AI Holdings (NASDAQ:CHAI) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 621,035 shares, a decrease of 52.7% from the July 30th total of 1,313,509 shares. Based on an average daily volume of 731,662 shares, the short-interest ratio is presently 0.8 days. Currently, 3.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Core AI Price Performance

CHAI stock traded up $0.15 during midday trading on Friday, reaching $0.40. The company had a trading volume of 300,934,428 shares, compared to its average volume of 685,802. Core AI has a 1-year low of $0.23 and a 1-year high of $15.68. The stock has a 50 day moving average price of $0.45 and a 200-day moving average price of $0.99. The company has a market capitalization of $7.97 million, a price-to-earnings ratio of -0.20 and a beta of 2.02.

Core AI (NASDAQ:CHAI) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Core AI had a negative return on equity of 142.15% and a negative net margin of 50.81%.The firm had revenue of $22.35 million for the quarter.

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.