iLearningEngines, Inc. (NASDAQ:AILE) Sees Significant Increase in Short Interest

iLearningEngines, Inc. (NASDAQ:AILE) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 4,170,000 shares, a growth of 10.0% from the September 30th total of 3,790,000 shares. Based on an average daily trading volume, of 3,120,000 shares, the days-to-cover ratio is presently 1.3 days.

iLearningEngines Stock Down 1.9 %

Shares of NASDAQ:AILE opened at $1.53 on Thursday. The stock’s fifty day moving average is $1.68. 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 12-month low of $0.71 and a 12-month high of $20.00.

iLearningEngines (NASDAQ:AILE) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $135.54 million for the quarter, compared to the consensus estimate of $127.00 million. On average, analysts forecast that iLearningEngines will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of iLearningEngines

Several institutional investors have recently made changes to their positions in AILE. Claro Advisors LLC increased its position in iLearningEngines by 75.6% in the third quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock worth $35,000 after buying an additional 8,929 shares during the last quarter. SG Americas Securities LLC bought a new stake in iLearningEngines in the third quarter valued at $29,000. The Manufacturers Life Insurance Company bought a new stake in shares of iLearningEngines during the second quarter valued at approximately $102,000. Squarepoint Ops LLC bought a new position in iLearningEngines during the 2nd quarter valued at approximately $123,000. Finally, Morse Asset Management Inc bought a new stake in iLearningEngines during the 2nd quarter valued at about $1,543,000. Institutional investors own 32.94% of the company’s stock.

iLearningEngines Company Profile

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.