Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Increases By 69.8%

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 8,812 shares, an increase of 69.8% from the January 15th total of 5,189 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 6,630 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 6,630 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are sold short.

SAIHEAT Stock Down 5.3%

NASDAQ:SAIH opened at $6.64 on Friday. SAIHEAT has a 52 week low of $3.00 and a 52 week high of $15.41. The firm’s 50-day simple moving average is $8.56 and its 200 day simple moving average is $8.25.

Analyst Upgrades and Downgrades

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

About SAIHEAT

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.