Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 500,119 shares, a growth of 300.8% from the December 15th total of 124,791 shares. Based on an average daily volume of [...]
Within the Financial Services & Fintech sector, AITX provides security and automation solutions; therefore, a change in investor sentiment indicates changing trust in the company's ability to provide reliable service to a financial institution or other entity. This will have a ripple effect across that organization and possibly other security firms that focus on the AI security and security automation markets.
For businesses considering AITX's AI-powered security solutions, the short interest data raises a flag, suggesting potential instability and questions about the long-term viability of the company. Operators might need to reassess the reliability and support offered by AITX compared to more financially stable competitors, increasing their overall risk assessment.