Short Interest in SAIHEAT Limited (NASDAQ:SAIH) Decreases By 75.9%

SAIHEAT Limited (NASDAQ:SAIH) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,088 shares, a drop of 75.9% from the July 15th total of 4,520 shares. Based on an average trading volume of 7,588 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SAIHEAT in a report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, SAIHEAT has a consensus rating of “Sell”.

SAIHEAT Stock Down 12.4%

SAIHEAT stock traded down $2.77 on Thursday, reaching $19.51. 17,880 shares of the stock were exchanged, compared to its average volume of 4,575. SAIHEAT has a twelve month low of $5.65 and a twelve month high of $24.04. The firm has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $10.80.

About SAIHEAT

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.