iLearningEngines, Inc. (NASDAQ:AILE) Short Interest Update

iLearningEngines, Inc. (NASDAQ:AILE) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 3,790,000 shares, a drop of 27.9% from the September 15th total of 5,260,000 shares. Based on an average trading volume of 2,990,000 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of iLearningEngines in a research note on Wednesday, September 11th.

iLearningEngines Stock Performance

NASDAQ AILE opened at $1.27 on Friday. The company has a debt-to-equity ratio of 20.27, a current ratio of 3.40 and a quick ratio of 3.40. iLearningEngines has a 52-week low of $0.71 and a 52-week high of $20.00. The stock’s 50-day moving average is $2.48.

iLearningEngines (NASDAQ:AILE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $135.54 million for the quarter, compared to analysts’ expectations of $127.00 million. As a group, analysts anticipate that iLearningEngines will post -0.08 earnings per share for the current year.

Institutional Trading of iLearningEngines

A number of large investors have recently bought and sold shares of the company. Morse Asset Management Inc purchased a new position in shares of iLearningEngines in the second quarter worth about $1,543,000. Bank of New York Mellon Corp purchased a new position in iLearningEngines in the 2nd quarter valued at approximately $775,000. Rhumbline Advisers purchased a new position in iLearningEngines in the 2nd quarter valued at approximately $217,000. SG Americas Securities LLC bought a new stake in iLearningEngines during the 3rd quarter valued at $29,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of iLearningEngines during the second quarter worth $123,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

About iLearningEngines

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.