Short Interest in Blaize Holdings, Inc. (NASDAQ:BZAI) Decreases By 28.5%

Blaize Holdings, Inc. (NASDAQ:BZAI) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,280,000 shares, a decrease of 28.5% from the September 30th total of 4,590,000 shares. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 5.9% of the shares of the company are sold short. Currently, 5.9% of the shares of the company are sold short. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BZAI. B. Riley began coverage on Blaize in a research note on Tuesday, September 9th. They set a “buy” rating and a $9.00 target price for the company. Roth Capital began coverage on Blaize in a research note on Tuesday, October 7th. They set a “buy” rating and a $8.50 target price for the company. Rosenblatt Securities restated a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Friday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Blaize in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded Blaize to a “hold” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.60.

Institutional Investors Weigh In On Blaize

A number of hedge funds and other institutional investors have recently bought and sold shares of BZAI. Temasek Holdings Private Ltd acquired a new stake in Blaize during the 1st quarter valued at $12,833,000. Quarry LP acquired a new stake in Blaize during the 1st quarter valued at $1,364,000. ATW Spac Management LLC acquired a new stake in Blaize during the 1st quarter valued at $694,000. Charles Schwab Investment Management Inc. acquired a new stake in Blaize during the 1st quarter valued at $644,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Blaize during the 1st quarter valued at $348,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Blaize Price Performance

Shares of BZAI traded down $0.34 during mid-day trading on Tuesday, reaching $3.47. The company had a trading volume of 1,657,795 shares, compared to its average volume of 1,780,223. The company’s 50-day moving average is $4.02 and its 200-day moving average is $3.32. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25. The company has a market capitalization of $356.09 million, a P/E ratio of -6.09 and a beta of 0.29.

Blaize (NASDAQ:BZAI) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $1.98 million during the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

About Blaize

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We’re partnering with customers to transform their products so they can deliver better experiences and better lives.