MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Sees Large Decrease in Short Interest

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 35,900 shares, a decrease of 19.3% from the June 30th total of 44,500 shares. Based on an average trading volume of 26,700 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On MultiSensor AI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Murchinson Ltd. acquired a new position in shares of MultiSensor AI during the first quarter worth $41,000. Skylands Capital LLC bought a new stake in shares of MultiSensor AI in the 2nd quarter valued at about $328,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of MultiSensor AI in the 1st quarter valued at about $1,006,000. Institutional investors own 82.32% of the company’s stock.

MultiSensor AI Stock Performance

Shares of MultiSensor AI stock remained flat at $1.60 on Friday. 4,312 shares of the stock were exchanged, compared to its average volume of 46,344. The firm’s 50 day simple moving average is $1.94 and its 200 day simple moving average is $2.39. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1.25. MultiSensor AI has a 12 month low of $1.52 and a 12 month high of $14.00.

MultiSensor AI (NASDAQ:MSAI) last issued its earnings results on Wednesday, May 15th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The business had revenue of $2.28 million during the quarter, compared to analysts’ expectations of $2.30 million. As a group, equities research analysts forecast that MultiSensor AI will post -0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm started coverage on MultiSensor AI in a research note on Monday, April 15th. They issued a “buy” rating and a $8.00 price target for the company.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.