WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Update

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 2,258,411 shares, a growth of 25.6% from the December 15th total of 1,797,439 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,406,233 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 1,406,233 shares, the days-to-cover ratio is presently 1.6 days. Approximately 5.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On WhiteFiber

A number of large investors have recently bought and sold shares of WYFI. Prelude Capital Management LLC acquired a new stake in shares of WhiteFiber in the third quarter valued at about $258,000. J.W. Cole Advisors Inc. acquired a new position in WhiteFiber in the third quarter worth $260,000. Militia Capital Partners LP bought a new stake in shares of WhiteFiber during the 3rd quarter valued at about $326,000. Gladstone Institutional Advisory LLC acquired a new position in WhiteFiber during the 3rd quarter valued at approximately $349,000. Finally, Pentwater Capital Management LP bought a new position in shares of WhiteFiber during the third quarter worth about $353,000.

WhiteFiber Stock Up 5.6%

WYFI stock traded up $1.03 during mid-day trading on Friday, hitting $19.47. 1,109,697 shares of the company were exchanged, compared to its average volume of 1,068,163. The stock has a market capitalization of $744.92 million and a price-to-earnings ratio of -41.43. WhiteFiber has a 12-month low of $13.91 and a 12-month high of $40.75. The firm’s fifty day simple moving average is $18.41.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The firm had revenue of $20.18 million for the quarter, compared to analyst estimates of $21.18 million. The company’s revenue for the quarter was up 64.2% compared to the same quarter last year.

Analyst Ratings Changes

WYFI has been the subject of a number of recent analyst reports. Citizens Jmp began coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $37.00 price target for the company. B. Riley dropped their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Compass Point began coverage on WhiteFiber in a research note on Tuesday, December 16th. They set a “buy” rating and a $32.00 target price on the stock. Roth Capital reduced their price objective on WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Needham & Company LLC reduced their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.30.

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