SAIHEAT Limited (NASDAQ:SAIH – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,543 shares, a decline of 46.4% from the September 30th total of 4,745 shares. Based on an average trading volume of 17,785 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On SAIHEAT
An institutional investor recently bought a new stake in SAIHEAT stock. Sowell Financial Services LLC bought a new position in SAIHEAT Limited (NASDAQ:SAIH – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,226 shares of the company’s stock, valued at approximately $463,000. Sowell Financial Services LLC owned 0.89% of SAIHEAT as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.16% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SAIH. Wall Street Zen upgraded SAIHEAT to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, SAIHEAT presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on SAIH
SAIHEAT Stock Performance
Shares of SAIH remained flat at $25.26 during mid-day trading on Monday. 5,040 shares of the stock were exchanged, compared to its average volume of 8,765. SAIHEAT has a twelve month low of $5.90 and a twelve month high of $33.00. The stock’s 50-day simple moving average is $26.37 and its two-hundred day simple moving average is $14.92.
SAIHEAT Company Profile
SAIHEAT Limited is a clean-energy technology company focused on thermal energy storage and heat-management solutions. Its products and services are designed to help commercial and industrial customers store and use thermal energy more efficiently, potentially supporting energy conservation and the integration of renewable power.
Publicly available information about SAIHEAT Limited’s operating history, geographic markets and leadership is limited.
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