Brainchip Holdings Ltd. (OTCMKTS:BRCHF) Sees Significant Growth in Short Interest

Brainchip Holdings Ltd. (OTCMKTS:BRCHF - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,951,600 shares, an increase of 24.0% from the May 15th total of 2,380,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 334,800 shares, the days-to-cover ratio is presently 8.8 days.

Brainchip Trading Down 6.2%

OTCMKTS:BRCHF traded down $0.01 during mid-day trading on Friday, hitting $0.14. The stock had a trading volume of 107,876 shares, compared to its average volume of 96,188. The company has a 50 day simple moving average of $0.16 and a 200-day simple moving average of $0.17. Brainchip has a 52 week low of $0.08 and a 52 week high of $0.28.

About Brainchip

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.