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

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,656 shares, a decrease of 35.8% from the January 29th total of 8,812 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 3,551 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 3,551 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SAIHEAT in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

SAIHEAT Stock Performance

SAIH remained flat at $6.70 during trading on Friday. The company’s stock had a trading volume of 741 shares, compared to its average volume of 2,865. The firm has a 50-day moving average of $7.98 and a two-hundred day moving average of $8.18. SAIHEAT has a 12 month low of $3.00 and a 12 month high of $15.41.

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.