Short Interest in Cloudastructure Inc. (NASDAQ:CSAI) Rises By 93.7%
by Doug Wharley · The Cerbat GemCloudastructure Inc. (NASDAQ:CSAI – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 65,321 shares, a growth of 93.7% from the August 15th total of 33,724 shares. Based on an average daily volume of 74,087 shares, the days-to-cover ratio is currently 0.9 days. Currently, 9.6% of the company’s shares are sold short.
Cloudastructure Stock Down 18.5%
Shares of NASDAQ CSAI traded down $0.74 during trading hours on Tuesday, hitting $3.27. The stock had a trading volume of 465,197 shares, compared to its average volume of 30,602. The firm’s 50-day moving average price is $6.71 and its two-hundred day moving average price is $12.50. Cloudastructure has a 52 week low of $3.21 and a 52 week high of $69.15. The company has a market capitalization of $2.84 million, a P/E ratio of -0.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.71 and a current ratio of 4.96.
Cloudastructure (NASDAQ:CSAI – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The company reported ($2.32) earnings per share for the quarter, beating the consensus estimate of ($2.70) by $0.38. The firm had revenue of $1.23 million for the quarter. Cloudastructure had a negative net margin of 145.25% and a negative return on equity of 167.05%. Analysts anticipate that Cloudastructure will post -9.75 EPS for the current fiscal year.
Analysts Set New Price Targets
CSAI has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. Wall Street Zen lowered shares of Cloudastructure to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Maxim Group lowered their price objective on shares of Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cloudastructure presently has an average rating of “Hold” and an average target price of $45.00.
View Our Latest Analysis on CSAI
About Cloudastructure
Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.
In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.