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

Airship AI Holdings, Inc. (NASDAQ:AISP) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,050,000 shares, a decline of 29.3% from the February 13th total of 2,900,000 shares. Currently, 11.1% of the company’s stock are short sold. Based on an average daily volume of 2,650,000 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Airship AI in a research report on Tuesday, November 19th.

Airship AI Trading Up 8.5 %

Shares of NASDAQ:AISP opened at $4.08 on Tuesday. The stock has a 50 day moving average of $4.67 and a 200 day moving average of $3.60. The company has a market cap of $129.54 million, a PE ratio of -1.52 and a beta of 0.07. Airship AI has a 12-month low of $1.90 and a 12-month high of $14.32.

Insider Transactions at Airship AI

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.45, for a total transaction of $387,000.00. The disclosure for this sale can be found here. 57.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Airship AI by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 240,692 shares of the company’s stock valued at $1,507,000 after acquiring an additional 40,991 shares during the period. State Street Corp boosted its stake 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 purchasing an additional 45,247 shares during the period. Northern Trust Corp boosted its stake in Airship AI by 9.0% in the 4th quarter. Northern Trust Corp now owns 73,138 shares of the company’s stock worth $458,000 after purchasing an additional 6,031 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 12,214 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after purchasing an additional 26,095 shares during the period. 5.89% of the stock is currently owned by institutional investors.

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.