Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Rises By 44.2%

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,052 shares, a growth of 44.2% from the March 15th total of 6,278 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 4,434 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SAIHEAT in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

SAIHEAT Stock Performance

SAIH stock traded up $0.04 during trading on Tuesday, hitting $10.15. The company had a trading volume of 4,549 shares, compared to its average volume of 4,758. SAIHEAT has a 1-year low of $3.38 and a 1-year high of $15.41. The firm has a 50-day moving average price of $7.73 and a 200-day moving average price of $8.32.

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.