SAI.TECH Global Co. (NASDAQ:SAI) Short Interest Update

SAI.TECH Global Co. (NASDAQ:SAI) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 30,300 shares, a drop of 43.2% from the March 15th total of 53,300 shares. Based on an average daily trading volume, of 160,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

SAI.TECH Global Price Performance

SAI stock opened at $0.97 on Thursday. SAI.TECH Global has a twelve month low of $0.79 and a twelve month high of $7.40. The business’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $1.02.

Institutional Investors Weigh In On SAI.TECH Global

An institutional investor recently bought a new position in SAI.TECH Global stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SAI.TECH Global Co. (NASDAQ:SAI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 41,782 shares of the company’s stock, valued at approximately $59,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.31% of SAI.TECH Global at the end of the most recent quarter. 0.16% of the stock is owned by hedge funds and other institutional investors.

SAI.TECH Global Company Profile

SAI.TECH Global Corporation, together with its subsidiaries, operates as an energy-saving Bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power, and heating industries worldwide. The company provides a suite of specialized services, including mining machines purchase, hosting, mining pool, and energy-saving technologies and solutions to digital asset mining customers.