SAIHEAT Limited (NASDAQ:SAIH) Short Interest Down 75.9% in July

SAIHEAT Limited (NASDAQ:SAIH) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,088 shares, a decline of 75.9% from the July 15th total of 4,520 shares. Based on an average trading volume of 7,588 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

SAIHEAT Price Performance

Shares of NASDAQ:SAIH traded down $2.77 during midday trading on Thursday, reaching $19.51. 17,880 shares of the company’s stock were exchanged, compared to its average volume of 4,575. The company’s 50 day simple moving average is $14.13 and its two-hundred day simple moving average is $10.80. SAIHEAT has a 12 month low of $5.65 and a 12 month high of $24.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SAIHEAT in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SAIHEAT presently has an average rating of “Sell”.

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.