GOAI: Short Interest Tumbles as Shares Slide 16%

Eva Live shares fell 16% this week to $3.57 as short sellers rapidly exited positions. Short interest dropped 14% to just 0.34% of float. Cost to borrow remains elevated at 113% despite a 19% weekly decline. The stock has no analyst coverage and is controlled by founder David Boulette with 60% of shares.

Price action & positioning

GOAI closed at $3.57 on April 24. The stock fell 16.2% over the past week. Month-to-date performance shows an 8.2% decline. Friday's session saw a 0.3% dip.

Short interest & lending

Short interest stands at 107,207 shares as of April 23. That represents just 0.34% of the free float. The position has shrunk sharply — down 14% over the past week and 10% day-over-day. The April 21 peak of 129,466 shares marked the highest level since early April. Before that, short interest had ranged between 600,000 and 1.4 million shares throughout March. The dramatic compression from March's elevated levels accelerated in mid-April.

Cost to borrow sits at 112.7% APR. That's down 19% from a week ago and off 30% from a month prior. March readings consistently topped 170%, with peaks above 200%. The recent pullback reflects reduced borrowing demand as shorts covered. Still, triple-digit borrow costs signal a tight lending market relative to the modest position size.

Utilisation is 51.5%. The metric has declined from 66% on April 15 and 79% on April 1. The 52-week high of 99.8% was hit in early 2026. March 23 saw utilisation spike to 94%, coinciding with the 1.4 million share short interest peak. Current utilisation sits near the 30-day low.

Days to cover registers 2.72 per official FINRA data as of April 15.

Valuation & factor positioning

Enterprise value stands at $143 million as of year-end 2026. No other valuation multiples are available.

ORTEX factor scores place GOAI in the 13th percentile for short score rank. The stock ranks in the 20th percentile for sector positioning. Utilisation rank sits at the 16th percentile despite the recent decline. Days to cover ranks higher at the 71st percentile. Dividend score is 33rd percentile.

The short score itself is 59.97 as of April 23. It has drifted lower from 61.87 on April 13. The combined ORTEX score is 59.96.

Institutional positioning

Founder and CEO David Boulette holds 19.025 million shares. That's 60.4% of the company. His position has not changed since November 2025. Hottest Media LLC holds 2.7 million shares or 8.6%. Ross Ewaniuk owns 1.63 million shares, a 5.2% stake. Both positions were unchanged at last report in November 2025.

Vanguard initiated a position in Q1 2026 with 54,366 shares. That's 0.17% of shares out. Sterling Investment Counsel bought 25,000 shares in the same quarter. Fidelity (FMR) added 15,749 shares as of February 27. These passive positions are tiny relative to the insider control block.

Historical context

The company reported earnings on April 10. Prior events occurred March 16, November 10, and November 7 of 2025. No price reaction data is available for these releases.

What to watch

No upcoming earnings date has been announced. The stock has no analyst coverage to provide forward guidance. Monitor whether short interest continues to compress from the March highs or stabilizes at current levels. Watch for any institutional activity beyond passive index buying. Founder Boulette's 60% stake means any change in his position would be material.