Short Interest in iLearningEngines, Inc. (NASDAQ:AILE) Expands By 10.0%

iLearningEngines, Inc. (NASDAQ:AILE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 4,170,000 shares, an increase of 10.0% from the September 30th total of 3,790,000 shares. Based on an average trading volume of 3,120,000 shares, the short-interest ratio is currently 1.3 days.

iLearningEngines Stock Performance

NASDAQ:AILE opened at $1.56 on Wednesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 20.27. iLearningEngines has a 1 year low of $0.71 and a 1 year high of $20.00. The stock’s fifty day moving average is $1.73.

iLearningEngines (NASDAQ:AILE) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $135.54 million during the quarter, compared to analysts’ expectations of $127.00 million. On average, analysts expect that iLearningEngines will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $18.00 target price on shares of iLearningEngines in a research report on Wednesday, September 11th.

Institutional Investors Weigh In On iLearningEngines

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of iLearningEngines in the third quarter worth $29,000. Claro Advisors LLC raised its position in shares of iLearningEngines by 75.6% in the third quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock worth $35,000 after buying an additional 8,929 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of iLearningEngines in the second quarter worth $102,000. Squarepoint Ops LLC purchased a new stake in shares of iLearningEngines in the second quarter worth $123,000. Finally, Rhumbline Advisers purchased a new stake in shares of iLearningEngines in the second quarter worth $217,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

About iLearningEngines

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.