iLearningEngines, Inc. (NASDAQ:AILE) Sees Large Decline in Short Interest

iLearningEngines, Inc. (NASDAQ:AILE) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 3,790,000 shares, a decline of 27.9% from the September 15th total of 5,260,000 shares. Based on an average trading volume of 2,990,000 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

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

iLearningEngines Stock Up 4.1 %

iLearningEngines stock opened at $1.27 on Friday. The stock’s fifty day moving average price is $2.60. iLearningEngines has a 12-month low of $0.71 and a 12-month 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.

iLearningEngines (NASDAQ:AILE) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $135.54 million for the quarter, compared to analysts’ expectations of $127.00 million. On average, equities research analysts expect that iLearningEngines will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On iLearningEngines

Several institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in iLearningEngines in the second quarter valued at $1,543,000. Bank of New York Mellon Corp purchased a new stake in iLearningEngines in the second quarter valued at $775,000. Rhumbline Advisers purchased a new stake in iLearningEngines in the second quarter valued at $217,000. SG Americas Securities LLC purchased a new stake in iLearningEngines in the third quarter valued at $29,000. Finally, Squarepoint Ops LLC purchased a new stake in iLearningEngines in the second quarter valued at $123,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

iLearningEngines Company Profile

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.