Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Declines By 17.1%

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 7,504 shares, a decline of 17.1% from the March 31st total of 9,052 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 4,725 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

SAIHEAT Trading Down 1.7%

NASDAQ:SAIH traded down $0.19 during midday trading on Thursday, reaching $10.83. 489 shares of the stock traded hands, compared to its average volume of 4,204. The company has a fifty day moving average of $8.62 and a 200 day moving average of $8.39. SAIHEAT has a 12 month low of $5.00 and a 12 month high of $15.41.

About SAIHEAT

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.