iLearningEngines, Inc. (NASDAQ:AILE) Sees Large Growth in Short Interest

iLearningEngines, Inc. (NASDAQ:AILE) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 5,260,000 shares, an increase of 67.5% from the August 31st total of 3,140,000 shares. Based on an average daily trading volume, of 2,900,000 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On iLearningEngines

Institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc acquired a new stake in shares of iLearningEngines in the second quarter valued at approximately $1,543,000. Bank of New York Mellon Corp bought a new stake in iLearningEngines in the 2nd quarter valued at $775,000. Rhumbline Advisers acquired a new stake in iLearningEngines during the 2nd quarter valued at $217,000. Squarepoint Ops LLC bought a new position in iLearningEngines during the second quarter worth $123,000. Finally, Claro Advisors LLC acquired a new position in shares of iLearningEngines in the second quarter valued at $107,000. Institutional investors and hedge funds own 32.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of iLearningEngines in a research note on Wednesday, September 11th.

iLearningEngines Stock Performance

Shares of AILE opened at $1.64 on Friday. The company has a debt-to-equity ratio of 20.27, a quick ratio of 3.40 and a current ratio of 3.40. The stock’s fifty day moving average price is $4.06. iLearningEngines has a 1-year low of $0.71 and a 1-year high of $20.00.

iLearningEngines (NASDAQ:AILE) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $135.54 million for the quarter, compared to analyst estimates of $127.00 million. Equities analysts forecast that iLearningEngines will post -0.08 earnings per share for the current fiscal year.

iLearningEngines Company Profile

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.