HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 9,670,000 shares, an increase of 38.5% from the February 13th total of 6,980,000 shares. Currently, 6.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,220,000 shares, the short-interest ratio is currently 0.9 days.
HIVE Digital Technologies Stock Down 0.6 %
NASDAQ:HIVE traded down $0.01 during trading hours on Thursday, reaching $1.67. 9,081,629 shares of the stock were exchanged, compared to its average volume of 5,574,339. HIVE Digital Technologies has a twelve month low of $1.61 and a twelve month high of $5.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41. The firm has a 50 day moving average of $2.52 and a 200 day moving average of $3.19. The stock has a market cap of $264.02 million, a PE ratio of -33.40 and a beta of 3.51.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 5.45% and a negative return on equity of 8.95%. On average, equities analysts expect that HIVE Digital Technologies will post -0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on HIVE shares. Roth Mkm began coverage on HIVE Digital Technologies in a report on Thursday, December 19th. They set a "buy" rating and a $7.50 price objective for the company. Keefe, Bruyette & Woods began coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They issued an "outperform" rating for the company. Canaccord Genuity Group upped their price target on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price target (up from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald lowered their target price on HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $7.64.
Check Out Our Latest Analysis on HIVE Digital Technologies
Hedge Funds Weigh In On HIVE Digital Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lifeworks Advisors LLC grew its stake in shares of HIVE Digital Technologies by 46.2% in the fourth quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company's stock valued at $46,000 after buying an additional 5,152 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in shares of HIVE Digital Technologies by 11.0% in the fourth quarter. Impact Partnership Wealth LLC now owns 53,231 shares of the company's stock valued at $152,000 after buying an additional 5,277 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of HIVE Digital Technologies by 60.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock valued at $44,000 after buying an additional 5,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of HIVE Digital Technologies by 15.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,351 shares of the company's stock valued at $178,000 after buying an additional 8,158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of HIVE Digital Technologies in the fourth quarter valued at $26,000. 24.42% of the stock is owned by institutional investors.
HIVE Digital Technologies Company Profile
(
Get Free Report)
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.
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