WhiteFiber, Inc. (NASDAQ:WYFI) Sees Significant Increase in Short Interest

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,110,000 shares, a growth of 192.2% from the September 15th total of 379,900 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 11.5% of the shares of the stock are sold short. Approximately 11.5% of the shares of the stock are sold short. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WYFI shares. Zacks Research raised shares of WhiteFiber to a “hold” rating in a research report on Wednesday, September 3rd. HC Wainwright started coverage on shares of WhiteFiber in a research report on Wednesday, October 1st. They set a “buy” rating and a $34.00 price objective for the company. B. Riley started coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a “buy” rating and a $34.00 target price for the company. Macquarie boosted their target price on WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, Roth Capital boosted their target price on WhiteFiber from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.00.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $32.00 on Tuesday. The firm has a 50 day simple moving average of $24.32. WhiteFiber has a 1 year low of $14.01 and a 1 year high of $40.75.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).