Airship AI Holdings, Inc. (NASDAQ:AISP) Sees Large Increase in Short Interest

Airship AI Holdings, Inc. (NASDAQ:AISP) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 4,984,917 shares, a growth of 20.1% from the January 15th total of 4,151,049 shares. Approximately 29.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,403,505 shares, the short-interest ratio is presently 3.6 days. Based on an average daily trading volume, of 1,403,505 shares, the short-interest ratio is presently 3.6 days. Approximately 29.4% of the shares of the stock are sold short.

Airship AI Price Performance

AISP opened at $2.43 on Tuesday. The stock has a market capitalization of $77.54 million, a P/E ratio of -1.20 and a beta of 0.34. The company’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $4.12. Airship AI has a one year low of $2.38 and a one year high of $7.20.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.13. The firm had revenue of $1.18 million for the quarter, compared to analyst estimates of $8.30 million. As a group, analysts anticipate that Airship AI will post 1.71 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AISP. Roth Mkm set a $8.00 price objective on Airship AI in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell” and an average target price of $8.00.

Insiders Place Their Bets

In other Airship AI news, President Paul M. Allen purchased 100,000 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were purchased at an average cost of $2.74 per share, with a total value of $274,000.00. Following the purchase, the president owned 151,948 shares in the company, valued at approximately $416,337.52. This represents a 192.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Victor Huang acquired 51,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were bought at an average cost of $3.18 per share, with a total value of $162,180.00. Following the completion of the purchase, the chief executive officer directly owned 194,849 shares in the company, valued at approximately $619,619.82. This trade represents a 35.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 46.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AISP. Mariner LLC boosted its position in shares of Airship AI by 32.5% during the fourth quarter. Mariner LLC now owns 16,854 shares of the company’s stock worth $49,000 after buying an additional 4,134 shares during the period. JPMorgan Chase & Co. lifted its stake in Airship AI by 90.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after acquiring an additional 4,556 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Airship AI during the 2nd quarter worth approximately $30,000. Quarry LP bought a new position in shares of Airship AI during the 3rd quarter worth approximately $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Airship AI by 150.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock valued at $64,000 after purchasing an additional 6,568 shares during the last quarter. Institutional investors and hedge funds own 5.89% of the company’s stock.

Airship AI Company Profile

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.