BrainChip Holdings Ltd (OTCMKTS:BRCHF) Sees Large Drop in Short Interest

BrainChip Holdings Ltd (OTCMKTS:BRCHF) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 201,600 shares, a decrease of 85.8% from the January 31st total of 1,415,600 shares. Based on an average daily volume of 295,000 shares, the days-to-cover ratio is presently 0.7 days.

BrainChip Stock Performance

OTCMKTS:BRCHF traded down $0.02 on Friday, reaching $0.17. 130,757 shares of the stock traded hands, compared to its average volume of 269,244. The company’s 50 day moving average is $0.21 and its 200-day moving average is $0.17. BrainChip has a 1-year low of $0.10 and a 1-year high of $0.30.

BrainChip Company Profile

BrainChip Holdings Ltd develops software and hardware accelerated solutions for artificial intelligence and machine learning applications in North America, Oceania, Europe, the Middle East, and Asia. The company primarily focuses on development of Akida Neuromorphic Processor to provide ultra-low power and fast AI Edge Network for vision, audio, olfactory, and smart transducer applications.