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

BrainChip Holdings Ltd (OTCMKTS:BRCHF) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 269,200 shares, an increase of 33.5% from the February 13th total of 201,600 shares. Based on an average daily trading volume, of 378,200 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

BrainChip Stock Performance

BRCHF opened at $0.14 on Friday. BrainChip has a 1 year low of $0.10 and a 1 year high of $0.28. The stock’s 50 day simple moving average is $0.19 and its 200-day simple moving average is $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.