SAIHEAT Limited (NASDAQ:SAIH) Sees Large Decline in Short Interest

SAIHEAT Limited (NASDAQ:SAIH) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,656 shares, a decrease of 35.8% from the January 29th total of 8,812 shares. Based on an average trading volume of 3,551 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 3,551 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

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

SAIHEAT Stock Performance

SAIH traded up $0.31 during trading on Monday, hitting $6.90. 669 shares of the company traded hands, compared to its average volume of 4,812. The stock’s 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $8.18. SAIHEAT has a 1 year low of $3.00 and a 1 year 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.