SAIHEAT Limited (NASDAQ:SAIH) Short Interest Up 158.0% in January

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,189 shares, an increase of 158.0% from the December 31st total of 2,011 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 7,441 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 7,441 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SAIHEAT in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SAIHEAT Price Performance

SAIH stock traded down $0.91 during mid-day trading on Thursday, reaching $6.84. 2,608 shares of the stock traded hands, compared to its average volume of 6,569. The stock’s fifty day moving average is $8.64 and its 200-day moving average is $8.59. SAIHEAT has a 52-week low of $3.00 and a 52-week high of $15.41.

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.