Airship AI Holdings, Inc. (NASDAQ:AISP) Sees Large Decline in Short Interest

Airship AI Holdings, Inc. (NASDAQ:AISP) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 734,700 shares, a drop of 8.2% from the October 15th total of 800,200 shares. Based on an average trading volume of 821,100 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.3% of the shares of the stock are short sold.

Airship AI Stock Performance

Shares of Airship AI stock opened at $2.85 on Friday. Airship AI has a 52-week low of $1.34 and a 52-week high of $14.32. The company’s 50 day moving average price is $2.38 and its 200-day moving average price is $3.45.

Airship AI (NASDAQ:AISP) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $6.40 million during the quarter, compared to the consensus estimate of $5.40 million.

Insiders Place Their Bets

In other Airship AI news, President Paul M. Allen sold 30,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.40, for a total transaction of $102,000.00. Following the completion of the sale, the president now directly owns 70,000 shares in the company, valued at $238,000. This represents a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 15.15% of the company’s stock.

Hedge Funds Weigh In On Airship AI

Several hedge funds and other institutional investors have recently modified their holdings of AISP. Geode Capital Management LLC increased its holdings in Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares during the period. State Street Corp lifted its holdings in Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after buying an additional 45,247 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after buying an additional 12,214 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Airship AI during the first quarter valued at approximately $147,000. 5.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Benchmark started coverage on Airship AI in a report on Wednesday. They set a “buy” rating and a $6.00 target price for the company.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.