BrainChip Holdings Ltd (OTCMKTS:BRCHF) Sees Significant Increase in Short Interest

BrainChip Holdings Ltd (OTCMKTS:BRCHF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 6,033,600 shares, an increase of 5.2% from the December 31st total of 5,737,200 shares. Based on an average daily trading volume, of 576,500 shares, the short-interest ratio is currently 10.5 days.

BrainChip Stock Performance

Shares of OTCMKTS BRCHF opened at $0.19 on Wednesday. BrainChip has a 1 year low of $0.10 and a 1 year high of $0.36. The company has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.17.

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.