CID Holdco, Inc. (NASDAQ:DAIC) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 135,513 shares, a decline of 55.4% from the March 15th total of 303,626 shares. Based on an average trading volume of 1,011,836 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CID Holdco in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Research Report on DAIC

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sandia Investment Management LP purchased a new stake in CID Holdco during the 2nd quarter worth about $112,000. Scratch Capital LLC purchased a new position in CID Holdco in the third quarter worth approximately $27,000. Bank of America Corp DE acquired a new position in CID Holdco during the 2nd quarter worth approximately $2,267,000. Moore Capital Management LP acquired a new position in CID Holdco during the 3rd quarter worth approximately $398,000. Finally, Millennium Management LLC purchased a new stake in shares of CID Holdco in the 3rd quarter valued at approximately $211,000.

CID Holdco Trading Up 1.5%

Shares of NASDAQ DAIC traded up $0.00 during midday trading on Monday, hitting $0.20. The company’s stock had a trading volume of 183,647 shares, compared to its average volume of 612,042. The business’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $1.18. CID Holdco has a 1 year low of $0.16 and a 1 year high of $75.00.

CID Holdco (NASDAQ:DAIC – Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $4.55 million for the quarter.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.

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