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

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

Institutional Trading of MultiSensor AI

A number of hedge funds have recently made changes to their positions in MSAI. Citadel Advisors LLC purchased a new position in shares of MultiSensor AI in the fourth quarter valued at $25,000. Geode Capital Management LLC boosted its position in MultiSensor AI by 39.1% in the 4th quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock valued at $331,000 after buying an additional 50,497 shares during the last quarter. Cherrydale Wealth Management LLC acquired a new stake in shares of MultiSensor AI during the fourth quarter valued at about $138,000. 272 Capital LP purchased a new stake in shares of MultiSensor AI during the third quarter worth about $243,000. Finally, Verus Capital Partners LLC acquired a new position in shares of MultiSensor AI in the third quarter worth about $38,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

MultiSensor AI Stock Performance

Shares of NASDAQ:MSAI traded up $0.04 during mid-day trading on Tuesday, hitting $1.21. 90,736 shares of the company traded hands, compared to its average volume of 1,741,567. The firm’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $1.80. MultiSensor AI has a 52-week low of $1.10 and a 52-week high of $5.00.

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.