TeraWulf Inc. (NASDAQ:WULF) Short Interest Update

TeraWulf Inc. (NASDAQ:WULF) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 27,250,000 shares, a drop of 31.3% from the March 31st total of 39,670,000 shares. Based on an average daily volume of 18,960,000 shares, the short-interest ratio is currently 1.4 days. Approximately 13.4% of the company’s stock are short sold.

TeraWulf Trading Down 0.8 %

NASDAQ WULF opened at $2.47 on Friday. TeraWulf has a 52 week low of $0.89 and a 52 week high of $4.04. The business’s fifty day simple moving average is $2.18 and its 200-day simple moving average is $1.79.

Institutional Trading of TeraWulf

Several hedge funds have recently made changes to their positions in WULF. Apollon Wealth Management LLC acquired a new position in TeraWulf in the fourth quarter valued at approximately $27,000. Partners Capital Investment Group LLP purchased a new position in shares of TeraWulf during the 4th quarter worth $29,000. Miracle Mile Advisors LLC acquired a new stake in shares of TeraWulf during the 1st quarter worth about $29,000. Global Retirement Partners LLC purchased a new stake in TeraWulf in the 4th quarter valued at about $30,000. Finally, Regatta Capital Group LLC acquired a new position in TeraWulf in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Compass Point dropped their target price on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Rosenblatt Securities initiated coverage on TeraWulf in a research report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 target price on the stock. B. Riley lowered their price target on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $4.00 price objective on shares of TeraWulf in a report on Thursday, March 28th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $3.66.

About TeraWulf

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.