Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Expands By 44.2%
by Teresa Graham · The Cerbat GemSAIHEAT Limited (NASDAQ:SAIH – Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 9,052 shares, an increase of 44.2% from the March 15th total of 6,278 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 4,434 shares, the short-interest ratio is currently 2.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Report on SAIH
SAIHEAT Stock Up 2.7%
Shares of NASDAQ:SAIH traded up $0.27 on Wednesday, hitting $10.45. The company had a trading volume of 891 shares, compared to its average volume of 4,397. SAIHEAT has a 52-week low of $3.38 and a 52-week high of $15.41. The business has a 50 day moving average of $7.73 and a 200 day moving average of $8.32.
About SAIHEAT
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.