Short Interest in WhiteFiber, Inc. (NASDAQ:WYFI) Increases By 64.4%

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,797,439 shares, an increase of 64.4% from the November 30th total of 1,093,120 shares. Based on an average daily volume of 863,942 shares, the short-interest ratio is presently 2.1 days. Currently, 4.7% of the shares of the company are sold short. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 863,942 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WYFI shares. Zacks Research raised WhiteFiber to a “hold” rating in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of WhiteFiber from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. JMP Securities set a $37.00 price target on shares of WhiteFiber in a research report on Wednesday, November 19th. B. Riley cut their price objective on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Needham & Company LLC reduced their price objective on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, WhiteFiber presently has an average rating of “Moderate Buy” and an average target price of $36.30.

WhiteFiber Stock Down 4.5%

Shares of NASDAQ:WYFI opened at $16.57 on Friday. The firm has a fifty day moving average price of $22.62. WhiteFiber has a one year low of $13.91 and a one year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The company had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. The company’s quarterly revenue was up 64.2% on a year-over-year basis.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds have recently bought and sold shares of WYFI. Monashee Investment Management LLC bought a new position in shares of WhiteFiber in the 3rd quarter worth $9,645,000. Marshall Wace LLP purchased a new position in WhiteFiber in the third quarter worth $9,105,000. Wasatch Advisors LP bought a new position in WhiteFiber in the third quarter valued at $8,382,000. Clearfield Capital Management LP purchased a new stake in WhiteFiber during the third quarter valued at about $6,778,000. Finally, Vanguard Group Inc. bought a new stake in WhiteFiber during the third quarter worth about $6,563,000.

About WhiteFiber

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.