Digihost Technology Inc. (NASDAQ:DGHI) Short Interest Update

Digihost Technology Inc. (NASDAQ:DGHI) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 307,600 shares, a decrease of 54.8% from the February 13th total of 680,700 shares. Based on an average daily volume of 562,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 price target on shares of Digihost Technology in a research report on Monday, December 16th.

Digihost Technology Trading Down 3.3 %

Shares of DGHI stock opened at $1.18 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $42.84 million, a PE ratio of -2.19 and a beta of 5.68. The company has a 50-day moving average of $2.14 and a two-hundred day moving average of $1.73. Digihost Technology has a 1-year low of $0.84 and a 1-year high of $3.77.

Institutional Trading of Digihost Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of Digihost Technology in the 4th quarter valued at about $30,000. Renaissance Technologies LLC grew its position in shares of Digihost Technology by 140.8% during the fourth quarter. Renaissance Technologies LLC now owns 31,300 shares of the company’s stock worth $47,000 after acquiring an additional 18,300 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Digihost Technology by 108.5% in the third quarter. Jane Street Group LLC now owns 87,211 shares of the company’s stock valued at $101,000 after buying an additional 45,388 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Digihost Technology by 12.0% in the 4th quarter. Citadel Advisors LLC now owns 79,150 shares of the company’s stock valued at $119,000 after purchasing an additional 8,499 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Digihost Technology by 50.6% in the 4th quarter. Vident Advisory LLC now owns 1,200,356 shares of the company’s stock valued at $1,801,000 after buying an additional 403,471 shares during the last quarter. Hedge funds and other institutional investors own 1.93% of the company’s stock.

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.