WhiteFiber, Inc. (NASDAQ:WYFI) Sees Large Growth in Short Interest

WhiteFiber, Inc. (NASDAQ:WYFI) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 2,258,411 shares, an increase of 25.6% from the December 15th total of 1,797,439 shares. Based on an average daily volume of 1,406,233 shares, the short-interest ratio is presently 1.6 days. Approximately 5.9% of the company’s stock are short sold. Approximately 5.9% of the company’s stock are short sold. Based on an average daily volume of 1,406,233 shares, the short-interest ratio is presently 1.6 days.

WhiteFiber Price Performance

WYFI stock opened at $19.47 on Monday. The stock’s 50 day moving average is $18.41. The firm has a market capitalization of $744.92 million and a P/E ratio of -41.43. WhiteFiber has a twelve month low of $13.91 and a twelve month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) 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 analysts’ expectations of $21.18 million. The business’s quarterly revenue was up 64.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup began coverage on WhiteFiber in a research note on Wednesday, November 19th. They set an “outperform” rating on the stock. Macquarie upped their price target on WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Citizens Jmp initiated coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $37.00 price objective on the stock. Needham & Company LLC decreased their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, JMP Securities set a $37.00 price target on shares of WhiteFiber in a report on Wednesday, November 19th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.30.

Hedge Funds Weigh In On WhiteFiber

A number of hedge funds have recently bought and sold shares of the company. Gladstone Institutional Advisory LLC bought a new stake in WhiteFiber in the third quarter valued at about $349,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $1,167,000. Principal Financial Group Inc. acquired a new stake in shares of WhiteFiber during the 3rd quarter valued at approximately $1,534,000. J.W. Cole Advisors Inc. acquired a new stake in shares of WhiteFiber during the 3rd quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. acquired a new position in WhiteFiber in the third quarter worth $2,718,000.

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.