Blaize Holdings, Inc. (NASDAQ:BZAI) Sees Large Decrease in Short Interest

Blaize Holdings, Inc. (NASDAQ:BZAI) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,280,000 shares, a decrease of 28.5% from the September 30th total of 4,590,000 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,590,000 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 2,590,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 5.9% of the shares of the stock are short sold.

Analyst Ratings Changes

BZAI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blaize in a research note on Tuesday, October 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Friday, August 15th. B. Riley initiated coverage on Blaize in a research note on Tuesday, September 9th. They set a “buy” rating and a $9.00 target price for the company. Roth Capital initiated coverage on Blaize in a research note on Tuesday, October 7th. They set a “buy” rating and a $8.50 target price for the company. Finally, Zacks Research raised Blaize to a “hold” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.60.

Institutional Trading of Blaize

Hedge funds and other institutional investors have recently modified their holdings of the stock. Temasek Holdings Private Ltd acquired a new stake in shares of Blaize in the 1st quarter worth $12,833,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Blaize in the 1st quarter worth $644,000. Goldman Sachs Group Inc. acquired a new stake in shares of Blaize in the 1st quarter worth $348,000. Quarry LP acquired a new stake in shares of Blaize in the 1st quarter worth $1,364,000. Finally, ATW Spac Management LLC acquired a new stake in shares of Blaize in the 1st quarter worth $694,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Blaize Stock Performance

NASDAQ BZAI opened at $3.47 on Wednesday. The business has a fifty day moving average price of $4.02 and a 200 day moving average price of $3.32. Blaize has a one year low of $1.70 and a one year high of $19.25. The company has a market cap of $356.09 million, a P/E ratio of -6.09 and a beta of 0.29.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) EPS for the quarter. The company had revenue of $1.98 million during the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

About Blaize

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We’re partnering with customers to transform their products so they can deliver better experiences and better lives.