MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Short Interest Up 260.6% in April

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 47,600 shares, a growth of 260.6% from the March 31st total of 13,200 shares. Based on an average daily volume of 191,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Roth Mkm assumed coverage on MultiSensor AI in a report on Monday, April 15th. They issued a “buy” rating and a $8.00 price objective for the company.

MultiSensor AI Trading Up 0.4 %

Shares of MSAI traded up $0.01 during midday trading on Thursday, reaching $2.65. The stock had a trading volume of 5,929 shares, compared to its average volume of 172,966. The business has a 50-day moving average price of $2.74. MultiSensor AI has a 12-month low of $1.89 and a 12-month high of $14.00.

Hedge Funds Weigh In On MultiSensor AI

A hedge fund recently bought a new stake in MultiSensor AI stock. Sanders Morris Harris LLC bought a new stake in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 445,195 shares of the company’s stock, valued at approximately $1,006,000. Sanders Morris Harris LLC owned about 8.59% of MultiSensor AI at the end of the most recent quarter. 82.32% of the stock is currently owned by institutional investors and hedge funds.

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.