SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Update

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZGet Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,570,799 shares, a growth of 70.9% from the June 30th total of 1,504,062 shares. Based on an average daily volume of 2,034,195 shares, the short-interest ratio is currently 1.3 days. Approximately 17.7% of the shares of the company are sold short.

SharonAI Holdings, Inc. Class A Common Stock Trading Up 21.7%

Shares of SHAZ opened at $48.77 on Friday. SharonAI Holdings, Inc. Class A Common Stock has a twelve month low of $1.90 and a twelve month 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. The firm has a market capitalization of $816.41 million, a price-to-earnings ratio of -34.10 and a beta of 5.89. The business’s 50-day moving average is $71.98.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZGet Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The firm had revenue of $0.29 million for the quarter. Analysts predict that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SHAZ shares. Wall Street Zen cut SharonAI Holdings, Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Monday, July 6th. Compass Point increased their price objective on SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Cantor Fitzgerald began coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, B. Riley Financial began coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, July 9th. They issued a “buy” rating and a $124.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SharonAI Holdings, Inc. Class A Common Stock currently has an average rating of “Hold” and a consensus target price of $84.67.

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About SharonAI Holdings, Inc. Class A Common Stock

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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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