SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Update

Key Points

• Short interest surged 70.9% to 2.57 million shares as of July 15, representing 17.7% of SHAZ’s outstanding shares and 1.3 days to cover.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one Hold, and one Sell, resulting in an average Hold rating and a consensus price target of $84.67.
• SHAZ opened at $48.77 and remains highly volatile, with a 12-month range of $1.90 to $178.00 and a beta of 5.89. The company reported a quarterly loss of $1.43 per share on $0.29 million in revenue.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,570,799 shares, an increase of 70.9% from the June 30th total of 1,504,062 shares. Based on an average daily volume of 2,034,195 shares, the days-to-cover ratio is currently 1.3 days. Currently, 17.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

SHAZ has been the topic of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday, July 6th. Wall Street Zen cut shares of SharonAI Holdings, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a report on Monday, July 20th. Compass Point increased their target price on shares of SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Zacks Research upgraded shares of SharonAI Holdings, Inc. Class A Common Stock to a "hold" rating in a research note on Friday, July 10th. Finally, Cantor Fitzgerald initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, April 9th. They set an "overweight" rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SharonAI Holdings, Inc. Class A Common Stock currently has an average rating of "Hold" and a consensus target price of $84.67.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

SharonAI Holdings, Inc. Class A Common Stock stock opened at $48.77 on Friday. SharonAI Holdings, Inc. Class A Common Stock has a 12 month low of $1.90 and a 12 month high of $178.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. The business's 50 day moving average is $71.98. The stock has a market capitalization of $816.41 million, a PE ratio of -34.10 and a beta of 5.89.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) last announced its quarterly earnings data 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. As a group, equities research analysts anticipate that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 EPS for the current year.

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.

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