Short Interest in WhiteFiber, Inc. (NASDAQ:WYFI) Increases By 23.6%

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,359,802 shares, a growth of 23.6% from the March 15th total of 1,909,165 shares. Based on an average trading volume of 987,609 shares, the days-to-cover ratio is currently 2.4 days. Currently, 6.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WYFI shares. HC Wainwright lowered their price target on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 27th. B. Riley Financial lowered their price target on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, December 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. BTIG Research started coverage on WhiteFiber in a report on Friday, April 10th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Cantor Fitzgerald started coverage on WhiteFiber in a report on Thursday, April 9th. They issued a “neutral” rating and a $13.00 price target for the company. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteFiber has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Feynman Point Asset Management LLC acquired a new position in WhiteFiber during the 4th quarter worth $2,511,000. Empowered Funds LLC acquired a new stake in WhiteFiber in the fourth quarter worth about $791,000. XTX Topco Ltd bought a new position in WhiteFiber in the 4th quarter valued at about $248,000. Balyasny Asset Management L.P. increased its stake in WhiteFiber by 67.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after buying an additional 184,829 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in WhiteFiber during the 4th quarter valued at about $1,797,000.

WhiteFiber Price Performance

NASDAQ:WYFI opened at $15.99 on Thursday. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $40.75. The firm has a market capitalization of $613.54 million and a P/E ratio of -14.03. The business has a 50 day simple moving average of $15.65 and a 200 day simple moving average of $20.49.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings data on Thursday, March 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.53). The company had revenue of $23.56 million during the quarter, compared to analyst estimates of $23.07 million.

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.