Short interest in IDAI climbed 14.8% over the past week, pushing utilisation back above 50% despite shares trading down nearly 6% over the month. CEO Gareth Genner sold $48K worth of stock at $2.60 while simultaneously receiving 106,641 shares in awards.
IDAI closed at $2.43 on April 24, down 0.8% on the day. The stock fell 4.0% over the past week and 5.8% over the month. Shares trade in the systems software space with limited institutional coverage.
Short interest now stands at 208,351 shares, representing 3.97% of the free float as of April 23. The position expanded 14.8% over the past week after declining 13.7% over the prior month. Short shares peaked at 302,518 on March 19 before pulling back through early April. The current level sits near mid-range for the past 30 days.
Days to cover reached 6.02 based on official FINRA data through April 15.
Cost to borrow stands at 4.27%, up 10.5% over the week. CTB ranged from a low of 1.97% on April 6 to a high of 4.79% on April 10 within the past month. The current rate sits below the March high of 4.49%.
Utilisation hit 50.37% on April 23, up from 42.55% a week earlier. That marks the highest reading since April 10 when utilisation touched 54.55%. The metric remains well below the 52-week high of 95.85%.
Enterprise value sits at $8.6M as of year-end 2026. The company ranks in the 86th percentile for earnings surprise and 80th percentile within its sector. Short score ranks in the 14th percentile while days to cover sits in the 6th percentile. Utilisation ranks in the 22nd percentile across the market.
Three institutional holders added new positions in recent filings. Long Lake Capital Management initiated a 444,375-share stake representing 8.4% of shares outstanding as of October 31. Galloway Capital Partners established a 396,800-share position (7.5% of shares) reported November 14. Potomac Capital Management disclosed a new 192,760-share holding (3.6%) as of year-end.
Named individuals Gareth Genner, Andrew Gowasack, and Andrew Francis each increased stakes in recent months. Genner now holds 132,775 shares (2.5%), up 104,803. Gowasack owns 96,312 shares (1.8%), up 68,844. Francis holds 77,073 shares (1.5%), up 63,081. All three increases were reported April 6.
Vanguard added 25,558 shares to bring its position to 31,664 shares (0.6%) as of March 31. Geode Capital increased by 13,125 shares to 32,517 shares (0.6%) through February 27.
Net insider activity over 90 days shows 62,852 shares acquired with $163,415 in net selling. CEO Gareth Genner sold 18,494 shares for $48,084 at $2.60 per share on April 6. The same day he received awards totaling 106,641 shares at zero cost. CFO Lance Robert Wilson received two awards totaling 5,900 shares. Independent Chairman William Ashe McClintock received five separate awards of 52 shares each.
Maxim Group maintains a Buy rating with a $12 price target, last updated September 19, 2025. Analyst Allen Klee raised the target from $8 to $12 while keeping the Buy rating. This data is 218 days old.
The company held an earnings event on April 16, announced in November 2025. Prior events occurred March 31, March 11, and November 21, 2025.
Next earnings event is scheduled for May 15 at 8:00 PM UTC.
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