Short Interest in Cerebras Systems Inc. (NASDAQ:CBRS) Rises By ∞

Cerebras Systems Inc. (NASDAQ:CBRS) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,899,096 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 4,490,406 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Sunday.

Cerebras Systems Trading Down 9.8%

NASDAQ CBRS traded down $23.28 on Monday, hitting $213.71. 4,912,388 shares of the company were exchanged, compared to its average volume of 8,826,646. Cerebras Systems has a 1-year low of $214.80 and a 1-year high of $386.34.

Cerebras Systems Company Profile

Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.

In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.