Digihost Technology Inc. (NASDAQ:DGHI – Get Free Report) 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 – Free Report) 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 – Get Free Report) 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.
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