CID Holdco, Inc. (NASDAQ:DAIC) Short Interest Up 5,507.1% in December

CID Holdco, Inc. (NASDAQ:DAIC) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,779,841 shares, a growth of 5,507.1% from the December 15th total of 49,577 shares. Based on an average daily volume of 14,371,358 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 14,371,358 shares, the days-to-cover ratio is currently 0.2 days.

CID Holdco Trading Down 4.8%

Shares of NASDAQ DAIC opened at $0.44 on Wednesday. The firm has a fifty day moving average price of $1.40. CID Holdco has a one year low of $0.37 and a one year high of $75.00.

CID Holdco (NASDAQ:DAIC) last posted its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $0.78 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CID Holdco in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DAIC. Scratch Capital LLC bought a new stake in shares of CID Holdco in the third quarter valued at approximately $27,000. Sandia Investment Management LP acquired a new position in CID Holdco in the 2nd quarter valued at $112,000. DecisionPoint Financial LLC bought a new stake in shares of CID Holdco during the 2nd quarter valued at $158,000. Millennium Management LLC acquired a new stake in shares of CID Holdco during the 3rd quarter worth $211,000. Finally, Moore Capital Management LP acquired a new stake in shares of CID Holdco during the 3rd quarter worth $398,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.