SAIHEAT Limited (NASDAQ:SAIH – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,908 shares, an increase of 75.4% from the July 30th total of 1,088 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
SAIHEAT Stock Up 1.0%
Shares of NASDAQ:SAIH traded up $0.23 on Tuesday, hitting $23.73. The stock had a trading volume of 2,247 shares, compared to its average volume of 5,837. The firm’s 50 day moving average price is $16.90 and its 200-day moving average price is $12.18. SAIHEAT has a twelve month low of $5.65 and a twelve month high of $24.70.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SAIHEAT in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average 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.
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