SAIHEAT Limited (NASDAQ:SAIH) Sees Significant Growth in Short Interest

SAIHEAT Limited (NASDAQ:SAIHGet Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 8,812 shares, a growth of 69.8% from the January 15th total of 5,189 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 6,630 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 6,630 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SAIHEAT presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on SAIHEAT

SAIHEAT Trading Down 5.3%

NASDAQ:SAIH traded down $0.37 during mid-day trading on Friday, hitting $6.64. 227 shares of the company’s stock traded hands, compared to its average volume of 5,131. The company has a fifty day moving average of $8.56 and a 200 day moving average of $8.25. SAIHEAT has a twelve month low of $3.00 and a twelve month high of $15.41.

SAIHEAT Company Profile

(Get Free Report)

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.

Recommended Stories

Receive News & Ratings for SAIHEAT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAIHEAT and related companies with MarketBeat.com's FREE daily email newsletter.