TeraWulf Inc. (NASDAQ:WULF) Short Interest Update

TeraWulf Inc. (NASDAQ:WULF) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 27,250,000 shares, a decrease of 31.3% from the March 31st total of 39,670,000 shares. Approximately 13.4% of the shares of the company are short sold. Based on an average daily volume of 18,960,000 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Miracle Mile Advisors LLC acquired a new stake in shares of TeraWulf in the first quarter valued at $29,000. Apollon Wealth Management LLC acquired a new stake in shares of TeraWulf in the fourth quarter valued at $27,000. Partners Capital Investment Group LLP bought a new position in TeraWulf in the fourth quarter valued at about $29,000. Global Retirement Partners LLC bought a new position in TeraWulf in the fourth quarter valued at about $30,000. Finally, Regatta Capital Group LLC bought a new position in TeraWulf in the fourth quarter valued at about $31,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WULF has been the subject of a number of recent research reports. B. Riley cut their target price on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They set a “buy” rating and a $4.20 price objective for the company. Compass Point dropped their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $4.00 price objective on shares of TeraWulf in a research note on Thursday, March 28th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $3.66.

TeraWulf Stock Performance

Shares of NASDAQ:WULF opened at $2.47 on Monday. TeraWulf has a twelve month low of $0.89 and a twelve month high of $4.04. The business has a fifty day moving average of $2.18 and a 200-day moving average of $1.80.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.