WhiteFiber, Inc. (NASDAQ:WYFI) Sees Significant Decline in Short Interest

WhiteFiber, Inc. (NASDAQ:WYFI) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 627,900 shares, a decrease of 43.4% from the September 30th total of 1,110,000 shares. Currently, 6.6% of the company’s shares are sold short. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 6.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have commented on WYFI. Craig Hallum began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a “buy” rating and a $25.00 price target for the company. Roth Capital increased their target price on WhiteFiber from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. HC Wainwright began coverage on WhiteFiber in a research note on Wednesday, October 1st. They issued a “buy” rating and a $34.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price (up previously from $34.00) on shares of WhiteFiber in a research note on Monday, October 27th. Finally, B. Riley reiterated a “buy” rating on shares of WhiteFiber in a research note on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.57.

WhiteFiber Stock Up 5.5%

Shares of NASDAQ WYFI opened at $33.99 on Friday. WhiteFiber has a fifty-two week low of $14.01 and a fifty-two week high of $40.75. The company’s 50 day simple moving average is $26.48.

Institutional Investors Weigh In On WhiteFiber

An institutional investor recently bought a new position in WhiteFiber stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WhiteFiber, Inc. (NASDAQ:WYFI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,935 shares of the company’s stock, valued at approximately $1,167,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of WhiteFiber as of its most recent SEC filing.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).