SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Update

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 799,396 shares, a growth of 199.0% from the April 15th total of 267,338 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily volume of 447,874 shares, the short-interest ratio is currently 1.8 days.

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

NASDAQ:SHAZ traded down $1.70 during mid-day trading on Friday, reaching $53.93. The stock had a trading volume of 498,316 shares, compared to its average volume of 463,460. The company has a 50 day moving average of $32.88. SharonAI Holdings, Inc. Class A Common Stock has a fifty-two week low of $1.90 and a fifty-two week high of $178.00.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.43) EPS for the quarter. The company had revenue of $0.29 million during the quarter.

Wall Street Analysts Forecast Growth

SHAZ has been the topic of a number of research reports. Weiss Ratings initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Friday, February 20th. They issued a “sell (d)” rating on the stock. Wall Street Zen upgraded SharonAI Holdings, Inc. Class A Common Stock from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 28th. Compass Point initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Wednesday, April 22nd. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.00.

SharonAI Holdings, Inc. Class A Common Stock Company Profile

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.