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

Airship AI Holdings, Inc. (NASDAQ:AISP) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 734,700 shares, a decrease of 8.2% from the October 15th total of 800,200 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 821,100 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

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 objective for the company.

Airship AI Price Performance

NASDAQ:AISP opened at $2.85 on Friday. Airship AI has a 52-week low of $1.34 and a 52-week high of $14.32. The stock has a fifty day moving average of $2.38 and a 200 day moving average of $3.45.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $6.40 million for the quarter, compared to the consensus estimate of $5.40 million.

Insider Buying and Selling

In other Airship AI news, President Paul M. Allen sold 30,000 shares of Airship AI stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.40, for a total transaction of $102,000.00. Following the completion of the transaction, the president now owns 70,000 shares of the company’s stock, valued at $238,000. The trade was a 30.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airship AI

Several hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after buying an additional 12,214 shares during the last quarter. Virtu Financial LLC bought a new position in Airship AI in the first quarter valued at $147,000. State Street Corp raised its position in Airship AI by 54.2% during 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 lifted 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 purchasing an additional 21,616 shares during the last quarter. 5.89% of the stock is currently owned by institutional investors.

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.