Short Interest in Airship AI Holdings, Inc. (NASDAQ:AISP) Declines By 8.2%

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 734,700 shares, a decline of 8.2% from the October 15th total of 800,200 shares. Currently, 5.3% of the company's stock are short sold. Based on an average trading volume of 821,100 shares, the days-to-cover ratio is currently 0.9 days.

Insider Buying and Selling at Airship AI

In other Airship AI news, President Paul M. Allen sold 30,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.40, for a total value of $102,000.00. Following the transaction, the president now owns 70,000 shares in the company, valued at $238,000. The trade was a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 15.15% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AISP. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $68,000 after acquiring an additional 12,214 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Airship AI during the first quarter valued at approximately $147,000. State Street Corp raised its stake in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company's stock valued at $296,000 after purchasing an additional 45,247 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock worth $459,000 after buying an additional 21,616 shares in the last quarter. 5.89% of the stock is currently owned by institutional investors and hedge funds.

Airship AI Price Performance

Shares of NASDAQ AISP traded down $0.84 during trading hours on Friday, hitting $2.85. 2,426,115 shares of the stock were exchanged, compared to its average volume of 1,088,484. Airship AI has a one year low of $1.34 and a one year high of $14.32. The company's 50 day moving average is $2.38 and its 200 day moving average is $3.42.

Airship AI (NASDAQ:AISP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $6.40 million for the quarter, compared to analyst estimates of $5.40 million. Airship AI had a negative return on equity of 64.75% and a net margin of 58.21%.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on shares of Airship AI in a research note on Wednesday. They set a "buy" rating and a $6.00 price target on the stock.

About Airship AI

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.