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

BrainChip Holdings Ltd (OTCMKTS:BRCHF) saw a significant 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 trading volume, of 295,000 shares, the days-to-cover ratio is presently 0.7 days.

BrainChip Stock Performance

Shares of BrainChip stock traded down $0.02 on Friday, hitting $0.17. The stock had a trading volume of 130,757 shares, compared to its average volume of 269,244. The stock has a 50 day moving average of $0.21 and a 200 day moving average of $0.17. BrainChip has a twelve month low of $0.10 and a twelve month 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.