SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Short Interest Down 37.0% in May

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 503,918 shares, a decrease of 37.0% from the April 30th total of 799,396 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 458,425 shares, the short-interest ratio is presently 1.1 days.

SharonAI Holdings, Inc. Class A Common Stock Trading Down 5.1%

Shares of SHAZ opened at $76.02 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. SharonAI Holdings, Inc. Class A Common Stock has a 12-month low of $1.90 and a 12-month high of $178.00. The firm has a 50-day moving average price of $46.43. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -53.16 and a beta of 5.75.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last announced its quarterly earnings data on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The company had revenue of $0.29 million for the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHAZ. 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 company a “buy” rating in a research report on Monday, May 18th. Cantor Fitzgerald started coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 target price for the company. Weiss Ratings started coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Friday, February 20th. They issued a “sell (d)” rating for the company. Finally, Wall Street Zen raised shares of SharonAI Holdings, Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SharonAI Holdings, Inc. Class A Common Stock presently has an average rating of “Hold” and a consensus target price of $65.00.

About SharonAI Holdings, Inc. Class A Common Stock

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.