Digi International Inc. (NASDAQ:DGII) Short Interest Update

Digi International Inc. (NASDAQ:DGII - Get Free Report) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,560,000 shares, a decline of 7.9% from the November 15th total of 2,780,000 shares. Based on an average daily volume of 196,800 shares, the days-to-cover ratio is currently 13.0 days.

Analyst Ratings Changes

DGII has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Digi International from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Craig Hallum reiterated a "hold" rating and set a $32.00 target price (up previously from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Digi International Stock Up 1.7 %

Shares of NASDAQ:DGII traded up $0.55 during midday trading on Monday, reaching $33.71. The company had a trading volume of 200,215 shares, compared to its average volume of 196,848. The business's 50 day moving average price is $31.36 and its 200 day moving average price is $27.65. Digi International has a 1-year low of $20.17 and a 1-year high of $34.82. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.23 billion, a PE ratio of 55.25, a P/E/G ratio of 1.21 and a beta of 1.05.

Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.10. The company had revenue of $105.05 million for the quarter, compared to analysts' expectations of $104.16 million. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The business's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Research analysts forecast that Digi International will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Digi International

In other news, Director Satbir Khanuja sold 7,000 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total value of $222,320.00. Following the sale, the director now owns 83,255 shares in the company, valued at approximately $2,644,178.80. The trade was a 7.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terrence G. Schneider sold 2,808 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $33.06, for a total transaction of $92,832.48. Following the sale, the vice president now owns 39,002 shares of the company's stock, valued at $1,289,406.12. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,329 shares of company stock valued at $332,361. 4.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digi International

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of Digi International by 92.5% during the second quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company's stock worth $187,000 after acquiring an additional 3,911 shares during the period. Captrust Financial Advisors lifted its stake in Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock worth $560,000 after purchasing an additional 2,418 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International during the 2nd quarter worth $498,000. BNP Paribas Financial Markets lifted its holdings in shares of Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company's stock worth $664,000 after acquiring an additional 8,235 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Digi International by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 114,584 shares of the technology company's stock valued at $2,627,000 after purchasing an additional 7,208 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Digi International Company Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.