Short Interest in SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Decreases By 37.0%

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 503,918 shares, a drop of 37.0% from the April 30th total of 799,396 shares. Based on an average trading volume of 458,425 shares, the days-to-cover ratio is currently 1.1 days. Approximately 5.9% of the shares of the company are short sold.

SharonAI Holdings, Inc. Class A Common Stock Trading Up 6.1%

SHAZ stock opened at $84.38 on Wednesday. The stock has a 50 day moving average of $43.06. The company has a market capitalization of $1.41 billion, a PE ratio of -59.01 and a beta of 5.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. SharonAI Holdings, Inc. Class A Common Stock has a 1-year low of $1.90 and a 1-year high of $178.00.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last announced its earnings results on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The business had revenue of $0.29 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on SHAZ shares. Weiss Ratings assumed coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Friday, February 20th. They set a “sell (d)” rating on the stock. Cantor Fitzgerald began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price target on the stock. Compass Point upped their price target on shares of SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of SharonAI Holdings, Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.00.

SharonAI Holdings, Inc. Class A Common Stock Company Profile

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.