WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Down 26.0% in January

WhiteFiber, Inc. (NASDAQ:WYFI) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,670,778 shares, a drop of 26.0% from the December 31st total of 2,258,411 shares. Based on an average daily volume of 951,665 shares, the days-to-cover ratio is presently 1.8 days. Currently, 4.4% of the company’s stock are sold short. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 951,665 shares, the days-to-cover ratio is presently 1.8 days.

WhiteFiber Stock Performance

WhiteFiber stock opened at $19.51 on Friday. WhiteFiber has a 52 week low of $13.91 and a 52 week high of $40.75. The stock has a market cap of $746.45 million and a PE ratio of -41.51. The firm’s 50 day simple moving average is $18.45.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The company had revenue of $20.18 million for the quarter, compared to analysts’ expectations of $21.18 million. The business’s revenue was up 64.2% compared to the same quarter last year.

Analyst Ratings Changes

WYFI has been the subject of several analyst reports. JMP Securities set a $37.00 target price on WhiteFiber in a research report on Wednesday, November 19th. UBS Group set a $51.00 price target on WhiteFiber in a research report on Monday, October 6th. HC Wainwright reaffirmed a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research report on Monday, January 26th. Compass Point started coverage on shares of WhiteFiber in a research note on Tuesday, December 16th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.30.

Institutional Trading of WhiteFiber

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in WhiteFiber during the fourth quarter valued at approximately $55,000. Prelude Capital Management LLC bought a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $258,000. J.W. Cole Advisors Inc. acquired a new stake in shares of WhiteFiber during the 3rd quarter valued at approximately $260,000. CCG Wealth Management LLC bought a new position in WhiteFiber during the fourth quarter worth $263,000. Finally, Round Rock Advisors LLC acquired a new position in WhiteFiber in the fourth quarter worth $291,000.

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.