BrainChip Holdings Ltd (OTCMKTS:BRCHF) Sees Significant Increase in Short Interest

BrainChip Holdings Ltd (OTCMKTS:BRCHF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 5,737,200 shares, an increase of 7.6% from the November 30th total of 5,333,100 shares. Based on an average daily volume of 469,700 shares, the days-to-cover ratio is currently 12.2 days.

BrainChip Stock Down 9.5 %

Shares of BRCHF stock opened at $0.25 on Wednesday. BrainChip has a one year low of $0.10 and a one year high of $0.36. The company’s 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.15.

About BrainChip

BrainChip Holdings Ltd develops software and hardware accelerated solutions for artificial intelligence and machine learning applications in North America, Oceania, Europe, the Middle East, and Asia. The company primarily focuses on development of Akida Neuromorphic Processor to provide ultra-low power and fast AI Edge Network for vision, audio, olfactory, and smart transducer applications.