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

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 559,900 shares, an increase of 30.5% from the February 13th total of 429,100 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital assumed coverage on MultiSensor AI in a research report on Wednesday, February 26th. They issued a “buy” rating and a $2.50 target price on the stock.

MultiSensor AI Price Performance

Shares of MultiSensor AI stock traded down $0.06 during trading hours on Tuesday, reaching $1.22. 47,181 shares of the company’s stock were exchanged, compared to its average volume of 319,517. The business has a fifty day moving average of $1.41 and a two-hundred day moving average of $1.73. MultiSensor AI has a 1 year low of $1.05 and a 1 year high of $3.49.

Institutional Trading of MultiSensor AI

Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in MultiSensor AI during the fourth quarter worth $25,000. Cherrydale Wealth Management LLC purchased a new position in MultiSensor AI during the fourth quarter worth about $138,000. 272 Capital LP acquired a new position in MultiSensor AI in the 3rd quarter valued at about $243,000. Finally, Geode Capital Management LLC grew its stake 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 buying an additional 77,497 shares during the period. Hedge funds and other institutional investors 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.