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

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

Spectral AI Stock Down 0.5 %

NASDAQ:MDAI traded down $0.01 during midday trading on Thursday, hitting $1.83. The stock had a trading volume of 246,752 shares, compared to its average volume of 1,183,799. The stock has a 50-day moving average of $2.06 and a 200 day moving average of $1.63. The company has a market capitalization of $34.02 million, a price-to-earnings ratio of -2.82 and a beta of 0.47. Spectral AI has a one year low of $0.82 and a one year high of $3.25.

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.