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C3.ai, Inc. (NYSE:AI) short interest falls by 7.0%.

C3.ai, Inc. (NYSE:AI) short interest falls by 7.0%.

The number of short positions opened on C3.ai, Inc. (NYSE: AI) saw a significant decrease in activity during December. There were a total of 9,290,000 shares available for a short sale as of November 30th; however, as of December 15th, there were only 8,640,000 shares available for a short sale, which is a 7.0% decrease from the total of 9,290,000 shares available for a short sale as of November 30th. At any given time, about 10.1% of the total number of outstanding shares in the company are sold short during December. There were a total of 9,290,000 shares available for a short sale as of November 30th; however, as of December 15th, there were only 8,640,000 shares available for a short sale, which is a 7.0% decrease from the total of 9,290,000 shares available for a short sale as of November 30th. At any given time, about 10.1% of the total number of outstanding shares in the company are sold short. The current short-interest ratio is 5.3 days, based on an average daily trading volume of 1,620,000 shares in the stock market. This number was arrived at by multiplying the number of shares available for shorting by the daily trading volume.
On December 7th, the most recent quarterly earnings report was made public for C3.ai, a company whose stock is traded on the NYSE under the symbol AI. The company announced a loss of $0.63 per share for the period, which was $0.02 lower than the consensus expectation of $0.61 per share, which the company reported. The revenue for the quarter was significantly higher than the average projection of $61.03 million ($61 million), which came in at $62.41 million. Both the net margin and the return on equity for C3.ai were negative, with the former being negative by a margin of 88.43% and the latter being negative by 24.17%. The projections made by specialists in the relevant industry indicate that C3.ai will incur a loss of 2.73 cents on each share in 2018.
Several analysts who have been working on the company in question have just recently published reports on it. StockNews.com released a research note on Wednesday, October 12th, beginning their coverage of C3.ai with the publication of this note. They suggested that customers “sell” the company to the company. Morgan Stanley lowered their price objective for C3.ai from $13.00 to $12.00 in a research report made available to the public on Thursday, December 8th. On October 11th, a Tuesday, Canaccord Genuity Group started providing coverage of C3.ai shares in the form of a research report. They recommended to investors that they “keep” their positions in the company and established a price target of $14.00 for the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on C3.ai shares from $13.00 to $11.00 in a research note published on Thursday, December 8th.
Last but not least, JMP Securities lowered their “market outperformed” rating on C3.ai and dropped their price objective on the stock from $25.00 to $19.00 in a research note published on December 8th. Three research analysts have recommended selling the stock, seven have given the stock a rating of holding stock, and one has given the stock a rating of buying stock. The data on Bloomberg.com indicates that the consensus view regarding the company is to “hold” its shares and that its stock’s average price objective is set at $15.33.
Beginning on Wednesday, with a price of $11.07 per share, trading of AI stock got underway. Over the last 52 weeks, the price of C3.ai has ranged from a low of $10.16 to a high of $32.35 at various points. The company’s moving average price over the past 50 days is $12.43, and its average price over the past 200 days is $15.35.
On November 1st, the company’s Chief Financial Officer, Juho Parkkinen, sold 4,436 of the company’s equity shares. Tuesday was the day that the transaction took place. The stock changed hands for a total value of $58,777.00, with the price per share averaging 13.25 dollars and 58,777 shares traded. The company’s Chief Financial Officer personally owns 353,057 shares of stock at the moment, which have a combined value of $4,678,005.25 as of the date of this article. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location. In addition, 5.922 shares of company stock with a combined value of $75,707 were sold by company insiders during the most recent fiscal quarter. Insiders hold 38.08 percent of the total shares of stock in the company.
During the past few months, several hedge funds and institutional investors have modified their perspectives regarding artificial intelligence (AI). Ancora Advisors LLC increased its C3.ai holdings by 218.8 percentage points during the first three months of 2018. Ancora Advisors LLC now holds 1,100 shares of the company’s stock, which has a value of $73,000 after purchasing an additional 755 shares during the most recent quarter. This brings the total number of shares owned by the company to 1,100. In addition, point72 Hong Kong Ltd. made a new investment in C3.ai during the second quarter by purchasing it for close to $25,000. The Canada Pension Plan Investment Board achieved a 755.8 percent increase in the value of its holdings in C3.ai during the first three months of 2018. After making additional purchases of 1,300 shares over time, the Canada Pension Plan Investment Board now has 1,472 shares in the company, which are currently valued at $34,000. These shares were acquired as a result of additional purchases. During the second quarter, Ahrens Investment Partners LLC made a new investment in C3.ai by contributing approximately 31,000 dollars to the company.
Last but not least, during the first quarter, MetLife Investment Management LLC spent approximately $44,000 purchasing a new position in C3.ai. This was the company’s first investment in the company. Institutional investors own 41.97% of the company’s stock.

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