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

WhiteFiber, Inc. (NASDAQ:WYFI) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 2,457,280 shares, a growth of 47.1% from the January 15th total of 1,670,778 shares. Based on an average daily trading volume, of 1,336,624 shares, the days-to-cover ratio is currently 1.8 days. Currently, 6.4% of the shares of the stock are short sold. Currently, 6.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,336,624 shares, the days-to-cover ratio is currently 1.8 days.

Analysts Set New Price Targets

A number of research firms have recently commented on WYFI. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. B. Riley Financial reduced their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. JMP Securities set a $37.00 price target on shares of WhiteFiber in a report on Wednesday, November 19th. Needham & Company LLC dropped their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Roth Mkm reduced their target price on WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and an average target price of $36.30.

WhiteFiber Stock Up 6.8%

Shares of WhiteFiber stock opened at $19.42 on Friday. The stock’s 50-day moving average price is $18.18. WhiteFiber has a 12-month low of $13.91 and a 12-month high of $40.75. The firm has a market cap of $743.01 million and a PE ratio of -41.32.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share 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 revenue for the quarter was up 64.2% on a year-over-year basis.

Institutional Trading of WhiteFiber

Several institutional investors and hedge funds have recently bought and sold shares of WYFI. Strs Ohio acquired a new stake in WhiteFiber in the fourth quarter valued at $30,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the fourth quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $55,000. MetLife Investment Management LLC acquired a new stake in shares of WhiteFiber during the 4th quarter worth $106,000. Finally, Deutsche Bank AG acquired a new stake in WhiteFiber during the fourth quarter worth about $115,000.

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.