TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 59,470,000 shares, a growth of 24.7% from the October 15th total of 47,700,000 shares. Based on an average daily volume of 23,550,000 shares, the short-interest ratio is presently 2.5 days. Currently, 21.0% of the shares of the company are short sold.
Institutional Investors Weigh In On TeraWulf
Institutional investors have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. Chesapeake Capital Corp IL boosted its holdings in shares of TeraWulf by 6.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company's stock worth $136,000 after purchasing an additional 1,700 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock worth $35,000 after purchasing an additional 2,912 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company's stock worth $163,000 after purchasing an additional 4,093 shares during the last quarter. Finally, Aspect Partners LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth approximately $26,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WULF. Needham & Company LLC lifted their target price on TeraWulf from $6.00 to $9.50 and gave the company a "buy" rating in a research report on Wednesday. Stifel Canada downgraded TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, October 3rd. Northland Securities lifted their target price on TeraWulf from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 target price on shares of TeraWulf in a report on Tuesday, October 8th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $7.21.
Check Out Our Latest Stock Report on WULF
TeraWulf Stock Performance
Shares of NASDAQ WULF traded down $0.11 during trading on Friday, reaching $6.84. 12,240,982 shares of the company traded hands, compared to its average volume of 21,173,447. The firm's fifty day simple moving average is $5.42 and its 200 day simple moving average is $4.35. TeraWulf has a 12-month low of $1.01 and a 12-month high of $9.30.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 17.02%. The company had revenue of $35.57 million for the quarter, compared to analysts' expectations of $35.73 million. On average, equities analysts forecast that TeraWulf will post -0.1 earnings per share for the current year.
TeraWulf Company Profile
(
Get Free Report)
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.
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