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

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BrainChip Holdings Ltd (OTCMKTS:BRCHF - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 269,200 shares, a growth of 33.5% from the February 13th total of 201,600 shares. Based on an average trading volume of 378,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

BrainChip Stock Down 6.1 %

BrainChip stock traded down $0.01 during midday trading on Thursday, reaching $0.16. 213,831 shares of the company traded hands, compared to its average volume of 241,419. BrainChip has a 12 month low of $0.10 and a 12 month high of $0.28. The business has a 50 day moving average of $0.19 and a two-hundred day moving average of $0.17.

About BrainChip

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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.

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