iLearningEngines, Inc. Experiences Significant Decline in Short Interest

iLearningEngines, Inc. (NASDAQ:AILE) has recently seen a notable decrease in short interest for the month of September. As of September 30, the total short interest stood at 3,790,000 shares, reflecting a decrease of 27.9% from the total of 5,260,000 shares reported on September 15. With an average trading volume of 2,990,000 shares, the current short-interest ratio is approximately 1.3 days.

Analyst Insights

In a separate development, Benchmark has reaffirmed a "buy" rating for iLearningEngines and set a price target of $18.00 per share, as highlighted in a research note dated September 11.

Stock Performance

The share price of iLearningEngines opened at $1.27 on Friday, showing a 4.1% increase. The company’s fifty-day moving average is recorded at $2.60. Over the past year, the stock has experienced a low of $0.71 and a high of $20.00, demonstrating significant volatility. In terms of financial ratios, the company has a debt-to-equity ratio of 20.27, along with a current and quick ratio of 3.40.

Earnings Reports

iLearningEngines disclosed its latest quarterly earnings results on August 13, where it reported earnings per share (EPS) of $0.03, surpassing analysts' consensus estimate of $0.01 by $0.02. The revenue for the quarter was $135.54 million, which exceeded the expected figure of $127.00 million. Analysts predict that iLearningEngines will report an EPS of -$0.08 for the present fiscal year.

Institutional Investment Trends

Several institutional investors have recently made adjustments to their holdings in iLearningEngines. In the second quarter, Morse Asset Management Inc acquired a new stake valued at $1,543,000, while Bank of New York Mellon Corp invested $775,000. Rhumbline Advisers also added a new stake worth $217,000. In the third quarter, SG Americas Securities LLC and Squarepoint Ops LLC made new stakes valued at $29,000 and $123,000, respectively. Currently, it is estimated that around 32.94% of iLearningEngines' stock is held by hedge funds and institutional investors.

Company Overview

iLearningEngines, Inc. is primarily engaged in developing artificial intelligence-powered learning automation and information intelligence solutions for corporate and educational applications. Their platform allows enterprises to turn corporate knowledge into easily consumable forms. Their outcome-driven training systems are actively used across various sectors, including healthcare, education, insurance, retail, energy, manufacturing, and government.

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