WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Update

WhiteFiber, Inc. (NASDAQ:WYFI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,359,802 shares, an increase of 23.6% from the March 15th total of 1,909,165 shares. Based on an average trading volume of 987,609 shares, the short-interest ratio is presently 2.4 days. Approximately 6.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WYFI. Gladstone Institutional Advisory LLC acquired a new position in WhiteFiber during the third quarter worth about $349,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WhiteFiber in the third quarter valued at approximately $1,167,000. Principal Financial Group Inc. acquired a new stake in shares of WhiteFiber in the third quarter valued at approximately $1,534,000. J.W. Cole Advisors Inc. acquired a new stake in shares of WhiteFiber in the third quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of WhiteFiber in the third quarter valued at approximately $2,718,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WYFI. HC Wainwright reduced their target price on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 27th. B. Riley Financial reduced their target price on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, December 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Cantor Fitzgerald began coverage on shares of WhiteFiber in a report on Thursday, April 9th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, BTIG Research began coverage on shares of WhiteFiber in a report on Friday, April 10th. They issued a “buy” rating and a $20.00 target price for the company. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

WhiteFiber Trading Up 2.5%

Shares of WYFI opened at $16.41 on Friday. The firm’s 50-day moving average is $15.64 and its two-hundred day moving average is $20.39. WhiteFiber has a twelve month low of $10.51 and a twelve month high of $40.75. The firm has a market capitalization of $629.65 million and a P/E ratio of -14.39.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Thursday, March 26th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.53). The business had revenue of $23.56 million for the quarter, compared to the consensus estimate of $23.07 million.

About WhiteFiber

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.