Digihost Technology Inc. (NASDAQ:DGHI - Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 165,800 shares, an increase of 9.4% from the November 30th total of 151,600 shares. Currently, 0.7% of the company's stock are short sold. Based on an average daily volume of 220,800 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Investors Weigh In On Digihost Technology
An institutional investor recently raised its position in Digihost Technology stock. Jane Street Group LLC lifted its position in Digihost Technology Inc. (NASDAQ:DGHI - Free Report) by 108.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,211 shares of the company's stock after buying an additional 45,388 shares during the period. Jane Street Group LLC owned about 0.26% of Digihost Technology worth $101,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.93% of the company's stock.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and set a $2.50 price target on shares of Digihost Technology in a research report on Monday, December 16th.
Read Our Latest Stock Analysis on DGHI
Digihost Technology Stock Down 8.0 %
Shares of DGHI traded down $0.13 during mid-day trading on Tuesday, reaching $1.50. The company had a trading volume of 130,899 shares, compared to its average volume of 137,514. Digihost Technology has a 52 week low of $0.84 and a 52 week high of $2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $49.52 million, a price-to-earnings ratio of -2.78 and a beta of 5.25. The firm has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.44.
About Digihost Technology
(
Get Free Report)
Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.
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