Short Interest in Digihost Technology Inc. (NASDAQ:DGHI) Declines By 50.8%

Digihost Technology Inc. (NASDAQ:DGHI) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 31,600 shares, a decline of 50.8% from the July 15th total of 64,200 shares. Based on an average daily trading volume, of 81,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Digihost Technology

An institutional investor recently bought a new position in Digihost Technology stock. Vima LLC bought a new stake in shares of Digihost Technology Inc. (NASDAQ:DGHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,710 shares of the company’s stock, valued at approximately $71,000. Vima LLC owned 0.10% of Digihost Technology as of its most recent SEC filing. Institutional investors and hedge funds own 1.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $2.50 target price on shares of Digihost Technology in a research note on Friday, May 31st.

Digihost Technology Stock Up 8.1 %

Shares of NASDAQ:DGHI traded up $0.09 during midday trading on Tuesday, reaching $1.20. The company had a trading volume of 52,262 shares, compared to its average volume of 115,247. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.45. The stock has a market cap of $35.22 million, a PE ratio of -3.83 and a beta of 5.41. Digihost Technology has a 1-year low of $0.82 and a 1-year high of $2.54.

Digihost Technology (NASDAQ:DGHI) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $12.96 million during the quarter. Digihost Technology had a negative net margin of 25.38% and a negative return on equity of 20.93%. During the same period in the prior year, the firm earned ($0.32) EPS. Research analysts forecast that Digihost Technology will post -0.48 EPS for the current fiscal year.

Digihost Technology Company Profile

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.