Short Interest in iLearningEngines, Inc. (NASDAQ:AILE) Expands By 5.8%

iLearningEngines, Inc. (NASDAQ:AILE - Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,410,000 shares, an increase of 5.8% from the October 15th total of 4,170,000 shares. Based on an average daily volume of 3,180,000 shares, the days-to-cover ratio is currently 1.4 days.

iLearningEngines Stock Performance

Shares of AILE stock traded down $0.11 on Friday, hitting $1.50. The stock had a trading volume of 331,815 shares, compared to its average volume of 573,396. The stock's 50 day moving average is $1.49 and its 200-day moving average is $4.86. iLearningEngines has a 52-week low of $0.71 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 20.27, a current ratio of 3.40 and a quick ratio of 3.40.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating and issued a $18.00 target price on shares of iLearningEngines in a research note on Wednesday, September 11th.

Hedge Funds Weigh In On iLearningEngines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of iLearningEngines in the 2nd quarter valued at approximately $775,000. Claro Advisors LLC bought a new position in iLearningEngines during the 2nd quarter valued at $107,000. Rhumbline Advisers acquired a new position in iLearningEngines during the 2nd quarter worth $217,000. Morse Asset Management Inc bought a new stake in shares of iLearningEngines in the 2nd quarter worth about $1,543,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of iLearningEngines in the 2nd quarter valued at about $123,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

iLearningEngines Company Profile

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company's AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.