WhiteFiber, Inc. (NASDAQ:WYFI) Sees Significant Growth in Short Interest

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 2,258,411 shares, an increase of 25.6% from the December 15th total of 1,797,439 shares. Based on an average trading volume of 1,406,233 shares, the short-interest ratio is currently 1.6 days. Approximately 5.9% of the shares of the stock are short sold. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 1,406,233 shares, the short-interest ratio is currently 1.6 days.Wall Street Analyst Weigh InAre These 3 Under-the-Radar AI Stocks the Next Big Growth Stories?Several brokerages have recently commented on WYFI. UBS Group set a $51.00 target price on WhiteFiber in a report on Monday, October 6th. Macquarie upped their price objective on WhiteFiber from $28.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, September 26th. Needham & Company LLC decreased their price target on shares of WhiteFiber from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, November 14th. Compass Point began coverage on shares of WhiteFiber in a report on Tuesday, December 16th. They issued a "buy" rating and a $32.00 price target for the company. Finally, Roth Capital decreased their target price on shares of WhiteFiber from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.30.Check Out Our Latest Stock Report on WhiteFiberWhiteFiber Stock Up 5.6%Shares of WhiteFiber stock traded up $1.03 on Friday, reaching $19.47. 1,109,697 shares of the company's stock were exchanged, compared to its average volume of 1,068,163. The business has a 50-day moving average price of $18.41. WhiteFiber has a 52 week low of $13.91 and a 52 week high of $40.75. The firm has a market cap of $744.92 million and a P/E ratio of -41.43. WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $21.18 million. The firm's quarterly revenue was up 64.2% on a year-over-year basis. Institutional Trading of WhiteFiberA number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in WhiteFiber during the 3rd quarter valued at approximately $2,718,000. Penn Capital Management Company LLC purchased a new position in WhiteFiber in the third quarter worth about $546,000. Advisory Services Network LLC bought a new position in WhiteFiber in the third quarter worth approximately $759,000. Woodline Partners LP bought a new stake in WhiteFiber during the third quarter valued at about $2,717,000. Finally, Wasatch Advisors LP bought a new stake in WhiteFiber during the 3rd quarter worth approximately $8,382,000. About WhiteFiber (Get Free Report)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.Featured ArticlesFive stocks we like better than WhiteFiberDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthURGENT: Trump Just Triggered AI’s Biggest Disruption YetWall Street Alert: Buy AESNEW LAW: Congress Approves Setup For Digital Dollar?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in WhiteFiber Right Now?Before you consider WhiteFiber, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WhiteFiber wasn't on the list.While WhiteFiber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here