iLearningEngines, Inc. (NASDAQ:AILE) Short Interest Update

iLearningEngines, Inc. (NASDAQ:AILE) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 5,260,000 shares, an increase of 67.5% from the August 31st total of 3,140,000 shares. Based on an average daily trading volume, of 2,900,000 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On iLearningEngines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AILE. Bank of New York Mellon Corp acquired a new stake in shares of iLearningEngines during the 2nd quarter worth $775,000. Claro Advisors LLC bought a new stake in iLearningEngines during the second quarter worth about $107,000. Rhumbline Advisers acquired a new stake in iLearningEngines during the second quarter worth about $217,000. Morse Asset Management Inc acquired a new stake in iLearningEngines during the second quarter worth about $1,543,000. Finally, Squarepoint Ops LLC acquired a new position in shares of iLearningEngines in the 2nd quarter valued at approximately $123,000. 32.94% of the stock is owned by institutional investors and hedge funds.

iLearningEngines Price Performance

NASDAQ AILE opened at $1.64 on Friday. The firm has a 50-day simple moving average of $4.06. iLearningEngines has a 12-month low of $0.71 and a 12-month high of $20.00. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 20.27.

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

Analysts Set New Price Targets

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

About iLearningEngines

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.