WhiteFiber, Inc. (NASDAQ:WYFI) Short Interest Update

WhiteFiber, Inc. (NASDAQ:WYFI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,457,280 shares, a growth of 47.1% from the January 15th total of 1,670,778 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average trading volume of 1,336,624 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 1,336,624 shares, the short-interest ratio is currently 1.8 days. Approximately 6.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WYFI. Compass Point started coverage on WhiteFiber in a report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price objective on the stock. Roth Mkm decreased their price target on WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Citigroup assumed coverage on shares of WhiteFiber in a report on Wednesday, November 19th. They set an “outperform” rating on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a report on Monday, January 26th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.30.

WhiteFiber Trading Up 6.8%

WYFI opened at $19.42 on Tuesday. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75. The stock’s 50 day simple moving average is $18.19. The stock has a market capitalization of $743.01 million and a P/E ratio of -41.32.

Institutional Trading of WhiteFiber

Several large investors have recently added to or reduced their stakes in WYFI. Situational Awareness LP purchased a new stake in WhiteFiber during the 4th quarter worth approximately $27,770,000. Clearfield Capital Management LP grew its position in shares of WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after buying an additional 1,064,177 shares in the last quarter. Monashee Investment Management LLC bought a new stake in shares of WhiteFiber in the third quarter worth $9,645,000. Marshall Wace LLP bought a new stake in shares of WhiteFiber in the third quarter worth $9,105,000. Finally, Wasatch Advisors LP acquired a new stake in WhiteFiber in the third quarter valued at $8,382,000.

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.