Short Interest in WhiteFiber, Inc. (NASDAQ:WYFI) Rises By 64.4%

WhiteFiber, Inc. (NASDAQ:WYFI) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 1,797,439 shares, a growth of 64.4% from the November 30th total of 1,093,120 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 863,942 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 863,942 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.7% of the company’s stock are short sold.

WhiteFiber Price Performance

NASDAQ WYFI opened at $16.57 on Friday. The business has a fifty day moving average price of $22.62. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million for the quarter, compared to analyst estimates of $21.18 million. The firm’s quarterly revenue was up 64.2% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WYFI. Citizens Jmp began coverage on WhiteFiber in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 price target on the stock. Roth Capital cut their target price on WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Craig Hallum began coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 price target for the company. UBS Group set a $51.00 price objective on shares of WhiteFiber in a report on Monday, October 6th. Finally, Citigroup initiated coverage on shares of WhiteFiber in a report on Wednesday, November 19th. They set an “outperform” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WhiteFiber has a consensus rating of “Moderate Buy” and an average price target of $36.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WYFI. Monashee Investment Management LLC bought a new stake in shares of WhiteFiber during the 3rd quarter worth $9,645,000. Marshall Wace LLP purchased a new stake in WhiteFiber during the third quarter worth about $9,105,000. Wasatch Advisors LP bought a new stake in WhiteFiber in the third quarter worth about $8,382,000. Clearfield Capital Management LP purchased a new position in WhiteFiber in the third quarter valued at about $6,778,000. Finally, Vanguard Group Inc. bought a new position in shares of WhiteFiber during the 3rd quarter valued at approximately $6,563,000.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.