SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Down 37.0% in May

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 503,918 shares, a drop of 37.0% from the April 30th total of 799,396 shares. Based on an average daily volume of 458,425 shares, the days-to-cover ratio is currently 1.1 days. Approximately 5.9% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research firms have recently commented on SHAZ. Weiss Ratings initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Friday, February 20th. They set a “sell (d)” rating for the company. Compass Point boosted their price objective on SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Cantor Fitzgerald initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, April 9th. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Wall Street Zen raised SharonAI Holdings, Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.00.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

Shares of SharonAI Holdings, Inc. Class A Common Stock stock opened at $76.09 on Thursday. SharonAI Holdings, Inc. Class A Common Stock has a 1-year low of $1.90 and a 1-year high of $178.00. The company has a market cap of $1.27 billion, a P/E ratio of -53.21 and a beta of 5.75. The firm’s fifty day simple moving average is $45.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its quarterly earnings data on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The firm had revenue of $0.29 million for the quarter.

About SharonAI Holdings, Inc. Class A Common Stock

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.