MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Short Interest Update

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 35,900 shares, a decline of 19.3% from the June 30th total of 44,500 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

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

Institutional Trading of MultiSensor AI

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanders Morris Harris LLC lifted its holdings in shares of MultiSensor AI by 644.1% in the second quarter. Sanders Morris Harris LLC now owns 3,312,701 shares of the company’s stock valued at $5,433,000 after purchasing an additional 2,867,506 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of MultiSensor AI in the second quarter valued at about $328,000. Finally, Murchinson Ltd. purchased a new stake in shares of MultiSensor AI in the first quarter valued at about $41,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

MultiSensor AI Price Performance

MSAI stock remained flat at $1.60 during trading on Tuesday. 20,045 shares of the company were exchanged, compared to its average volume of 107,468. MultiSensor AI has a 52-week low of $1.52 and a 52-week high of $14.00. The firm’s 50-day moving average is $1.92 and its 200 day moving average is $2.38. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1.25.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The company had revenue of $2.28 million for the quarter, compared to analysts’ expectations of $2.30 million. On average, research analysts expect that MultiSensor AI will post -0.27 earnings per share for the current fiscal year.

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.