WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Update

WhiteFiber, Inc. (NASDAQ:WYFI) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,797,439 shares, an increase of 64.4% from the November 30th total of 1,093,120 shares. Based on an average daily volume of 863,942 shares, the short-interest ratio is presently 2.1 days. Currently, 4.7% of the company’s stock are short sold. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 863,942 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. HC Wainwright reiterated a “buy” rating and set a $34.00 target price on shares of WhiteFiber in a research note on Monday, December 22nd. Citigroup began coverage on WhiteFiber in a report on Wednesday, November 19th. They set an “outperform” rating for the company. Wall Street Zen downgraded WhiteFiber from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Craig Hallum started coverage on WhiteFiber in a research report on Tuesday, September 2nd. They set a “buy” rating and a $25.00 target price on the stock. Finally, Macquarie boosted their target price on WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.30.

WhiteFiber Stock Performance

Shares of WYFI stock opened at $16.14 on Tuesday. The business’s 50-day moving average price is $22.31. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The company had revenue of $20.18 million during the quarter, compared to analysts’ expectations of $21.18 million. The firm’s revenue was up 64.2% compared to the same quarter last year.

Hedge Funds Weigh In On WhiteFiber

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of WhiteFiber in the third quarter valued at about $1,488,000. Jain Global LLC purchased a new position in shares of WhiteFiber during the third quarter worth about $2,744,000. Boothbay Fund Management LLC acquired a new position in WhiteFiber in the 3rd quarter valued at about $846,000. Metavasi Capital LP purchased a new stake in WhiteFiber during the 3rd quarter valued at approximately $5,193,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in WhiteFiber during the 3rd quarter worth approximately $3,396,000.

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.