Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Increases By 75.4%

SAIHEAT Limited (NASDAQ:SAIH) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,908 shares, a growth of 75.4% from the July 30th total of 1,088 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SAIHEAT in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SAIHEAT has an average rating of “Sell”.

SAIHEAT Stock Performance

SAIH stock opened at $23.25 on Wednesday. The stock’s 50 day moving average is $17.14 and its 200-day moving average is $12.30. SAIHEAT has a twelve month low of $5.65 and a twelve month high of $24.70.

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.