Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Declines By 17.1%

SAIHEAT Limited (NASDAQ:SAIH) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 7,504 shares, a decline of 17.1% from the March 31st total of 9,052 shares. Based on an average daily volume of 4,725 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the shares of the stock are sold short.

SAIHEAT Trading Down 1.7%

Shares of SAIH traded down $0.19 during mid-day trading on Thursday, reaching $10.83. The company’s stock had a trading volume of 489 shares, compared to its average volume of 4,204. SAIHEAT has a 52 week low of $5.00 and a 52 week high of $15.41. The company’s fifty day moving average price is $8.62 and its two-hundred day moving average price is $8.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SAIHEAT in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SAIHEAT currently has an average rating of “Sell”.

About SAIHEAT

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.