Blaize Holdings, Inc. (NASDAQ:BZAI) Short Interest Down 69.1% in January

Blaize Holdings, Inc. (NASDAQ:BZAI) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 4,096,046 shares, a decrease of 69.1% from the December 31st total of 13,258,724 shares. Based on an average trading volume of 1,263,573 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.5% of the shares of the stock are sold short. Approximately 4.5% of the shares of the stock are sold short. Based on an average trading volume of 1,263,573 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Blaize during the first quarter worth $348,000. Vontobel Holding Ltd. acquired a new stake in Blaize during the 2nd quarter worth approximately $60,000. D.A. Davidson & CO. purchased a new position in Blaize in the 2nd quarter valued at approximately $54,000. Geode Capital Management LLC grew its stake in shares of Blaize by 0.5% in the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after acquiring an additional 3,031 shares in the last quarter. Finally, AlphaCore Capital LLC increased its position in shares of Blaize by 597.0% during the second quarter. AlphaCore Capital LLC now owns 69,700 shares of the company’s stock worth $208,000 after acquiring an additional 59,700 shares during the period. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

Blaize Stock Performance

Shares of Blaize stock opened at $2.02 on Wednesday. Blaize has a one year low of $1.68 and a one year high of $6.76. The business’s 50 day moving average price is $2.18 and its 200 day moving average price is $3.23. The company has a market cap of $224.20 million, a price-to-earnings ratio of -2.85 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th. Roth Mkm began coverage on shares of Blaize in a research note on Tuesday, October 7th. They set a “buy” rating and a $8.50 target price on the stock. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.60.

Blaize Company Profile

Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.