SAIHEAT Limited (NASDAQ:SAIH) Short Interest Update

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,088 shares, a decline of 75.9% from the July 15th total of 4,520 shares. Based on an average daily volume of 7,588 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SAIHEAT Stock Up 2.7%

NASDAQ SAIH traded up $0.52 during mid-day trading on Friday, reaching $20.03. 31,649 shares of the stock were exchanged, compared to its average volume of 10,366. SAIHEAT has a 1-year low of $5.65 and a 1-year high of $24.04. The business’s fifty day simple moving average is $14.48 and its 200 day simple moving average is $10.94.

SAIHEAT Company Profile

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.