Short Interest in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Rises By 47.5%

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 429,100 shares, an increase of 47.5% from the January 31st total of 291,000 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of MultiSensor AI

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in MultiSensor AI during the fourth quarter worth about $25,000. Verus Capital Partners LLC acquired a new stake in shares of MultiSensor AI in the 3rd quarter valued at about $38,000. Cherrydale Wealth Management LLC acquired a new position in MultiSensor AI during the 4th quarter worth approximately $138,000. 272 Capital LP acquired a new stake in MultiSensor AI in the 3rd quarter valued at $243,000. Finally, Geode Capital Management LLC boosted its position in MultiSensor AI by 149.9% during the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after purchasing an additional 77,497 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital began coverage on shares of MultiSensor AI in a research note on Wednesday, February 26th. They issued a “buy” rating and a $2.50 target price for the company.

MultiSensor AI Stock Down 5.6 %

Shares of NASDAQ:MSAI traded down $0.07 during trading on Monday, hitting $1.17. 102,784 shares of the company’s stock were exchanged, compared to its average volume of 1,782,845. MultiSensor AI has a 1-year low of $1.17 and a 1-year high of $5.00. The firm has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $1.80.

About MultiSensor AI

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.