MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Short Interest Up 30.5% in February

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 559,900 shares, an increase of 30.5% from the February 13th total of 429,100 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 0.5 days. Currently, 3.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital began coverage on MultiSensor AI in a report on Wednesday, February 26th. They issued a “buy” rating and a $2.50 target price for the company.

MultiSensor AI Trading Up 1.3 %

Shares of MSAI stock traded up $0.02 on Monday, hitting $1.19. The company had a trading volume of 52,188 shares, compared to its average volume of 1,436,692. The stock’s 50-day moving average is $1.42 and its two-hundred day moving average is $1.74. MultiSensor AI has a twelve month low of $1.05 and a twelve month high of $3.49.

Institutional Investors Weigh In On MultiSensor AI

Several institutional investors and hedge funds have recently made changes to their positions in MSAI. Geode Capital Management LLC increased its stake in shares of MultiSensor AI by 149.9% in the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after buying an additional 77,497 shares during the period. 272 Capital LP bought a new stake in shares of MultiSensor AI during the 3rd quarter valued at about $243,000. Cherrydale Wealth Management LLC bought a new stake in shares of MultiSensor AI during the 4th quarter valued at about $138,000. Finally, Citadel Advisors LLC bought a new stake in shares of MultiSensor AI during the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 82.32% of the company’s stock.

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.