Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Increases By 15.0%

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,505 shares, a growth of 15.0% from the February 12th total of 5,656 shares. Based on an average daily volume of 1,201 shares, the short-interest ratio is currently 5.4 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,201 shares, the short-interest ratio is currently 5.4 days.

Wall Street Analyst Weigh In

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

SAIHEAT Stock Performance

SAIH opened at $7.58 on Wednesday. The company’s 50 day moving average is $7.53 and its 200-day moving average is $8.24. SAIHEAT has a 1-year low of $3.00 and a 1-year 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.