SAIHEAT Limited (NASDAQ:SAIH) Stock Short Interest Report for October

SAIHEAT Limited (NASDAQ:SAIH) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,543 shares, a decrease of 46.4% from the September 30th total of 4,745 shares. Based on an average trading volume of 17,785 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of SAIHEAT to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SAIHEAT in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of SAIHEAT

An institutional investor recently bought a new position in SAIHEAT stock. Sowell Financial Services LLC purchased a new position in SAIHEAT Limited (NASDAQ:SAIH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,226 shares of the company’s stock, valued at approximately $463,000. Sowell Financial Services LLC owned 0.89% of SAIHEAT at the end of the most recent quarter. Institutional investors own 0.16% of the company’s stock.

SAIHEAT Trading Down 7.5%

SAIH traded down $2.04 during trading on Friday, reaching $25.26. 31,959 shares of the company’s stock were exchanged, compared to its average volume of 20,290. SAIHEAT has a one year low of $5.90 and a one year high of $33.00. The firm has a fifty day moving average price of $26.37 and a two-hundred day moving average price of $14.92.

SAIHEAT Company Profile

SAIHEAT Limited is a clean-energy technology company focused on thermal energy storage and heat-management solutions. Its products and services are designed to help commercial and industrial customers store and use thermal energy more efficiently, potentially supporting energy conservation and the integration of renewable power.

Publicly available information about SAIHEAT Limited’s operating history, geographic markets and leadership is limited.