Spectral AI, Inc. (NASDAQ:MDAI) Sees Large Increase in Short Interest

Spectral AI, Inc. (NASDAQ:MDAI) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,290,000 shares, an increase of 29.0% from the December 31st total of 1,000,000 shares. Based on an average daily volume of 2,280,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 12.6% of the shares of the stock are sold short.

Spectral AI Stock Down 0.5 %

NASDAQ MDAI traded down $0.01 during trading hours on Thursday, hitting $1.83. 246,752 shares of the company were exchanged, compared to its average volume of 1,183,799. The stock has a market cap of $34.02 million, a PE ratio of -2.82 and a beta of 0.47. Spectral AI has a 52 week low of $0.82 and a 52 week high of $3.25. The stock has a 50-day moving average price of $2.06 and a 200 day moving average price of $1.63.

Spectral AI Company Profile

Spectral AI, Inc, an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers.