SharonAI (NASDAQ:SHAZ) Stock Sees Unusually High Call Option Buying

SharonAI Holdings, Inc. (NASDAQ:SHAZ) saw some unusual options trading activity on Wednesday. Stock investors purchased 16,264 call options on the stock. This is an increase of approximately 223% compared to the typical daily volume of 5,036 call options.

Hedge Funds Weigh In On SharonAI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creek Drive Management Group LLC bought a new stake in shares of SharonAI in the 3rd quarter valued at about $3,385,000. Landscape Capital Management L.L.C. acquired a new stake in shares of SharonAI in the 3rd quarter valued at approximately $1,725,000. Alaska Permanent Capital Management LLC bought a new position in SharonAI during the 3rd quarter worth approximately $382,000. Pictet Asset Management Holding SA bought a new position in SharonAI during the 3rd quarter worth approximately $263,000. Finally, CenterBook Partners LP bought a new position in SharonAI during the 3rd quarter worth approximately $7,072,000. Institutional investors own 25.44% of the company’s stock.

SharonAI Trading Up 13.3%

NASDAQ SHAZ opened at $26.42 on Thursday. The stock has a 50-day simple moving average of $40.69 and a 200 day simple moving average of $49.55. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.90. SharonAI has a 12 month low of $1.90 and a 12 month high of $139.00.

Wall Street Analysts Forecast Growth

SHAZ has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of SharonAI from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SharonAI in a research note on Friday, October 2nd. Northland Securities began coverage on shares of SharonAI in a research note on Friday, September 18th. They issued an “outperform” rating and a $95.00 price objective on the stock. Finally, Cantor Fitzgerald lowered their target price on shares of SharonAI from $116.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Four research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

About SharonAI

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.