WhiteFiber, Inc. (NASDAQ:WYFI) Sees Significant Growth in Short Interest

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 2,258,411 shares, an increase of 25.6% from the December 15th total of 1,797,439 shares. Based on an average trading volume of 1,406,233 shares, the short-interest ratio is currently 1.6 days. Approximately 5.9% of the shares of the stock are short sold. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 1,406,233 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WYFI. UBS Group set a $51.00 target price on WhiteFiber in a report on Monday, October 6th. Macquarie upped their price objective on WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Needham & Company LLC decreased their price target on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Compass Point began coverage on shares of WhiteFiber in a report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Roth Capital decreased their target price on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.30.

WhiteFiber Stock Up 5.6%

Shares of WhiteFiber stock traded up $1.03 on Friday, reaching $19.47. 1,109,697 shares of the company’s stock were exchanged, compared to its average volume of 1,068,163. The business has a 50-day moving average price of $18.41. WhiteFiber has a 52 week low of $13.91 and a 52 week high of $40.75. The firm has a market cap of $744.92 million and a P/E ratio of -41.43.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The company had revenue of $20.18 million during the quarter, compared to analyst estimates of $21.18 million. The firm’s quarterly revenue was up 64.2% on a year-over-year basis.

Institutional Trading of WhiteFiber

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in WhiteFiber during the 3rd quarter valued at approximately $2,718,000. Penn Capital Management Company LLC purchased a new position in WhiteFiber in the third quarter worth about $546,000. Advisory Services Network LLC bought a new position in WhiteFiber in the third quarter worth approximately $759,000. Woodline Partners LP bought a new stake in WhiteFiber during the third quarter valued at about $2,717,000. Finally, Wasatch Advisors LP bought a new stake in WhiteFiber during the 3rd quarter worth approximately $8,382,000.

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.