Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Stock Short Interest Climbs 1,358.6%

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 838,507 shares, an increase of 1,358.6% from the September 30th total of 57,489 shares. Based on an average daily trading volume, of 5,537,639 shares, the short-interest ratio is presently 0.2 days. Currently, 204.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

HCAI has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, October 21st. Wall Street Zen upgraded shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Huachen AI Parking Management Technology currently has a consensus rating of “Sell”.

Huachen AI Parking Management Technology Stock Up 5.7%

Shares of Huachen AI Parking Management Technology stock traded up $0.20 on Monday, hitting $3.68. The company had a trading volume of 151,002 shares, compared to its average volume of 234,879. Huachen AI Parking Management Technology has a twelve month low of $2.37 and a twelve month high of $519.80. The stock has a 50-day moving average of $41.07 and a 200-day moving average of $121.52.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last issued its quarterly earnings data on Wednesday, September 30th. The company reported $0.40 EPS for the quarter. The company had revenue of $1.24 million for the quarter.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.