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

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZGet Free Report) saw a large drop in short interest in 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. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 458,425 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on SHAZ

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ SHAZ opened at $84.38 on Wednesday. The firm’s 50 day simple moving average is $43.06. The company has a market capitalization of $1.41 billion, a P/E ratio of -59.01 and a beta of 5.75. SharonAI Holdings, Inc. Class A Common Stock has a fifty-two week low of $1.90 and a fifty-two week high of $178.00. 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:SHAZGet Free Report) last issued its earnings results on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The business had revenue of $0.29 million for the quarter.

About SharonAI Holdings, Inc. Class A Common Stock

(Get Free Report)

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.

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