Short Interest in WhiteFiber, Inc. (NASDAQ:WYFI) Rises By 64.4%

WhiteFiber, Inc. (NASDAQ:WYFI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,797,439 shares, an increase of 64.4% from the November 30th total of 1,093,120 shares. Approximately 4.7% of the company’s stock are sold short. Based on an average daily trading volume, of 863,942 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 863,942 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.7% of the company’s stock are sold short.

Institutional Investors Weigh In On WhiteFiber

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prelude Capital Management LLC acquired a new position in WhiteFiber during the third quarter valued at approximately $258,000. J.W. Cole Advisors Inc. bought a new stake in shares of WhiteFiber during the 3rd quarter worth $260,000. Militia Capital Partners LP acquired a new position in WhiteFiber in the 3rd quarter valued at $326,000. Gladstone Institutional Advisory LLC bought a new position in WhiteFiber in the 3rd quarter worth $349,000. Finally, Pentwater Capital Management LP bought a new position in WhiteFiber in the 3rd quarter worth $353,000.

WhiteFiber Price Performance

Shares of NASDAQ:WYFI opened at $16.57 on Monday. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75. The stock has a fifty day simple moving average of $22.62.

WhiteFiber (NASDAQ:WYFI) last posted its earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The business had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. The business’s revenue for the quarter was up 64.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WYFI. Roth Capital decreased their target price on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 14th. JMP Securities set a $37.00 price objective on WhiteFiber in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 22nd. Craig Hallum initiated coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, UBS Group set a $51.00 price target on WhiteFiber in a research note on Monday, October 6th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and an average price target of $36.30.

About WhiteFiber

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.