Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Declines By 75.9%

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,088 shares, a drop of 75.9% from the July 15th total of 4,520 shares. Based on an average daily volume of 7,588 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SAIHEAT in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

SAIHEAT Trading Up 2.7%

Shares of NASDAQ SAIH traded up $0.52 during mid-day trading on Friday, reaching $20.03. 31,649 shares of the company were exchanged, compared to its average volume of 10,366. SAIHEAT has a 1 year low of $5.65 and a 1 year high of $24.04. The firm has a 50-day moving average of $14.48 and a 200 day moving average of $10.94.

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.