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

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

MultiSensor AI Stock Up 0.4 %

Shares of MultiSensor AI stock traded up $0.01 during trading on Thursday, reaching $2.65. The company’s stock had a trading volume of 5,929 shares, compared to its average volume of 172,966. The stock has a 50-day moving average of $2.74. MultiSensor AI has a one year low of $1.89 and a one year high of $14.00.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MultiSensor AI stock. Sanders Morris Harris LLC purchased a new stake in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 as of its most recent SEC filing. 82.32% of the stock is currently owned by institutional investors and hedge funds.

MultiSensor AI Company Profile

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.