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

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 291,000 shares, a decline of 38.8% from the January 15th total of 475,300 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.4% of the shares of the stock are short sold.

MultiSensor AI Stock Performance

Shares of NASDAQ:MSAI opened at $1.27 on Thursday. MultiSensor AI has a 1-year low of $1.22 and a 1-year high of $5.00. The company has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.82.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.20). The company had revenue of $1.60 million for the quarter, compared to the consensus estimate of $4.50 million. MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. Sell-side analysts predict that MultiSensor AI will post -0.83 earnings per share for the current year.

Institutional Investors Weigh In On MultiSensor AI

Hedge funds have recently modified their holdings of the stock. Verus Capital Partners LLC acquired a new stake in MultiSensor AI during the 3rd quarter worth about $38,000. E&G Advisors LP purchased a new position in shares of MultiSensor AI in the third quarter worth approximately $38,000. Cherrydale Wealth Management LLC acquired a new stake in shares of MultiSensor AI during the fourth quarter valued at approximately $138,000. 272 Capital LP acquired a new stake in shares of MultiSensor AI during the third quarter valued at approximately $243,000. Finally, Geode Capital Management LLC lifted its position in shares of MultiSensor AI by 149.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after acquiring an additional 77,497 shares in the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.

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.