SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Up 199.0% in April

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 799,396 shares, a growth of 199.0% from the April 15th total of 267,338 shares. Based on an average daily trading volume, of 447,874 shares, the days-to-cover ratio is presently 1.8 days. Currently, 9.3% of the company’s shares are short sold.

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ SHAZ traded up $0.60 during midday trading on Thursday, reaching $55.63. The stock had a trading volume of 827,877 shares, compared to its average volume of 287,862. SharonAI Holdings, Inc. Class A Common Stock has a twelve month low of $1.90 and a twelve month high of $178.00. The firm has a 50 day simple moving average of $32.11.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $68.85 earnings per share for the quarter. The firm had revenue of $0.36 million for the quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on SHAZ shares. Weiss Ratings began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Friday, February 20th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded shares of SharonAI Holdings, Inc. Class A Common Stock from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald began coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, Compass Point initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SharonAI Holdings, Inc. Class A Common Stock has a consensus rating of “Hold” and an average price target of $45.00.

About SharonAI Holdings, Inc. Class A Common Stock

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.