SOLAI Limited (NYSE:SLAI – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 80,921 shares, a decrease of 83.0% from the June 30th total of 477,149 shares. Based on an average daily volume of 94,558 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.7% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SOLAI in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Report on SLAI
SOLAI Stock Performance
SOLAI (NYSE:SLAI – Get Free Report) last issued its earnings results on Tuesday, May 26th. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $7.92 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in SOLAI stock. Two Sigma Investments LP bought a new position in SOLAI Limited (NYSE:SLAI – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 57,904 shares of the company’s stock, valued at approximately $156,000. Two Sigma Investments LP owned about 0.35% of SOLAI at the end of the most recent quarter. Institutional investors and hedge funds own 5.34% of the company’s stock.
About SOLAI
BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. In addition, it engages in online gaming activities; and provision of technology services. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021.
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