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

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,570,799 shares, a growth of 70.9% from the June 30th total of 1,504,062 shares. Based on an average trading volume of 2,034,195 shares, the days-to-cover ratio is presently 1.3 days. Currently, 17.7% of the shares of the company are sold short.

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

SHAZ opened at $48.25 on Friday. The company has a market cap of $807.70 million, a price-to-earnings ratio of -33.74 and a beta of 5.89. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $71.59. SharonAI Holdings, Inc. Class A Common Stock has a twelve month low of $1.90 and a twelve month high of $178.00.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last issued its quarterly earnings data on Friday, May 15th. The company reported ($1.43) earnings per share for the quarter. The business had revenue of $0.29 million for the quarter. As a group, sell-side analysts anticipate that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen lowered SharonAI Holdings, Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Monday, July 6th. Compass Point boosted their price objective on SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Zacks Research upgraded SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research report on Friday, July 10th. Finally, B. Riley Financial initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, July 9th. They issued a “buy” rating and a $124.00 target price for the company. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $84.67.

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.