Short Interest in WhiteFiber, Inc. (NASDAQ:WYFI) Drops By 17.5%

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 2,027,995 shares, a decline of 17.5% from the January 29th total of 2,457,280 shares. Based on an average daily trading volume, of 1,001,161 shares, the short-interest ratio is presently 2.0 days. Currently, 5.3% of the company’s stock are sold short. Currently, 5.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,001,161 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WYFI shares. Citigroup started coverage on WhiteFiber in a research note on Wednesday, November 19th. They issued an “outperform” rating for the company. Roth Mkm dropped their price objective on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. HC Wainwright reaffirmed a “buy” rating and issued a $34.00 price target on shares of WhiteFiber in a research report on Monday, January 26th. Citizens Jmp set a $37.00 price objective on WhiteFiber in a research note on Wednesday, November 19th. Finally, Needham & Company LLC cut their target price on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.22.

WhiteFiber Price Performance

Shares of WhiteFiber stock opened at $15.63 on Wednesday. The firm has a market cap of $598.00 million and a PE ratio of -33.26. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75. The stock has a fifty day moving average price of $18.27 and a 200-day moving average price of $21.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYFI. Royal Bank of Canada lifted its stake in WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after purchasing an additional 1,244 shares during the last quarter. Strs Ohio purchased a new stake in WhiteFiber in the 4th quarter worth about $30,000. Shikiar Asset Management Inc. raised its stake in WhiteFiber by 4.9% in the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after acquiring an additional 2,290 shares during the period. Russell Investments Group Ltd. boosted its position in WhiteFiber by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock worth $782,000 after purchasing an additional 2,477 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of WhiteFiber in the fourth quarter worth about $44,000.

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.