Blaize Holdings, Inc. (NASDAQ:BZAI) Sees Significant Growth in Short Interest

Key Points

• Blaize Holdings, Inc. (NASDAQ:BZAI) experienced a 186.9% increase in short interest in September, with short interest rising from 1,600,000 to 4,590,000 shares.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $7.60, as assessed by several analysts, including a "buy" rating and price targets ranging from $6.00 to $9.00.
• Blaize shares are currently down 10.0%, with last trading at $4.68 compared to a 1-year high of $19.25, highlighting significant volatility in the stock market.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 4,590,000 shares, a growth of 186.9% from the September 15th total of 1,600,000 shares. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is presently 1.3 days. Currently, 6.9% of the shares of the stock are sold short. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

BZAI has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Blaize in a research report on Tuesday, October 14th. B. Riley initiated coverage on shares of Blaize in a research report on Tuesday, September 9th. They issued a "buy" rating and a $9.00 price target for the company. Rosenblatt Securities reissued a "buy" rating and issued a $6.00 price target on shares of Blaize in a research report on Friday, August 15th. Zacks Research raised shares of Blaize to a "hold" rating in a research report on Wednesday, September 10th. Finally, Roth Capital initiated coverage on shares of Blaize in a research report on Tuesday, October 7th. They issued a "buy" rating and a $8.50 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.60.

Institutional Trading of Blaize

Several hedge funds have recently modified their holdings of BZAI. Temasek Holdings Private Ltd bought a new stake in shares of Blaize during the first quarter valued at approximately $12,833,000. Quarry LP bought a new position in Blaize in the first quarter valued at approximately $1,364,000. ATW Spac Management LLC bought a new position in Blaize in the first quarter valued at approximately $694,000. Charles Schwab Investment Management Inc. bought a new position in Blaize in the first quarter valued at approximately $644,000. Finally, Goldman Sachs Group Inc. bought a new position in Blaize in the first quarter valued at approximately $348,000. 97.12% of the stock is owned by institutional investors.

Blaize Stock Down 10.0%

NASDAQ BZAI opened at $4.68 on Friday. The company has a 50 day moving average of $3.86 and a 200-day moving average of $3.17. Blaize has a 1-year low of $1.70 and a 1-year high of $19.25.

Blaize (NASDAQ:BZAI - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $1.98 million for the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Blaize Company Profile

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We're partnering with customers to transform their products so they can deliver better experiences and better lives.

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