Short Interest in BrainChip Holdings Ltd (OTCMKTS:BRCHF) Decreases By 85.8%

BrainChip Holdings Ltd (OTCMKTS:BRCHF) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 201,600 shares, a decrease of 85.8% from the January 31st total of 1,415,600 shares. Based on an average trading volume of 295,000 shares, the days-to-cover ratio is currently 0.7 days.

BrainChip Trading Down 7.9 %

BrainChip stock traded down $0.02 during midday trading on Thursday, reaching $0.18. 79,046 shares of the company were exchanged, compared to its average volume of 272,988. The firm’s 50-day simple moving average is $0.21 and its 200-day simple moving average is $0.17. BrainChip has a 1 year low of $0.10 and a 1 year high of $0.30.

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.