WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Up 192.2% in September

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 1,110,000 shares, an increase of 192.2% from the September 15th total of 379,900 shares. Approximately 11.5% of the company's stock are sold short. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 0.7 days. Approximately 11.5% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Macquarie boosted their target price on WhiteFiber from $28.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. HC Wainwright assumed coverage on WhiteFiber in a research report on Wednesday, October 1st. They issued a "buy" rating and a $34.00 target price for the company. B. Riley assumed coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 target price for the company. Wall Street Zen lowered WhiteFiber from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Craig Hallum assumed coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, WhiteFiber has an average rating of "Moderate Buy" and a consensus price target of $34.00.

View Our Latest Research Report on WYFI

WhiteFiber Stock Down 3.7%

NASDAQ WYFI opened at $30.27 on Friday. WhiteFiber has a 52 week low of $14.01 and a 52 week high of $40.75. The company's 50-day simple moving average is $24.15.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).

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