Short Interest in iLearningEngines, Inc. (NASDAQ:AILE) Rises By 5.8%

iLearningEngines, Inc. (NASDAQ:AILE) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,410,000 shares, a growth of 5.8% from the October 15th total of 4,170,000 shares. Based on an average trading volume of 3,180,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of iLearningEngines

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in iLearningEngines during the third quarter worth approximately $29,000. Claro Advisors LLC boosted its holdings in iLearningEngines by 75.6% during 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 in the last quarter. EP Wealth Advisors LLC bought a new stake in iLearningEngines during the third quarter worth approximately $58,000. Barclays PLC boosted its holdings in iLearningEngines by 320.8% during the third quarter. Barclays PLC now owns 41,808 shares of the company’s stock worth $70,000 after buying an additional 31,872 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in iLearningEngines during the third quarter worth approximately $85,000. 32.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

iLearningEngines Price Performance

iLearningEngines stock opened at $1.10 on Tuesday. The firm has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $4.85. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 20.27. iLearningEngines has a 12-month low of $0.70 and a 12-month high of $20.00.

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.