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

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the recipient of a significant decline in short interest in the month of 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. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 0.3 days.

MultiSensor AI Price Performance

Shares of MultiSensor AI stock 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 stock 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 posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. The company had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $4.50 million. On average, equities analysts forecast that MultiSensor AI will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

MultiSensor AI Company Profile

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.