What's Going On With C3.Ai Stock?
Portfolio Pulse from Erica Kollmann
C3.Ai, Inc. (NYSE:AI) shares are trading higher, despite being down nearly 5% over the last month. The rise is in line with the broader market amid a drop in yields. The company recently announced a partnership with ESG Book to provide data-driven analytical capabilities to sustainability teams. The stock has attracted both retail investors and short-sellers, with 42.75% of available shares being sold short. The shares are trading below the 50-day moving average of $29.99.
October 10, 2023 | 5:16 pm
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C3.Ai shares are trading higher, despite being down nearly 5% over the last month. The company recently announced a partnership with ESG Book, attracting both retail investors and short-sellers, with 42.75% of shares being sold short.
The stock is trading higher due to the broader market trend and the recent partnership with ESG Book. However, the high short interest indicates a significant bearish sentiment, which could lead to volatility in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100