Voyager Digital Ltd. (OTCMKTS:VYGVF) Sees Large Decline in Short Interest

Voyager Digital Ltd. (OTCMKTS:VYGVFGet Rating) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,563,800 shares, a decrease of 37.6% from the March 15th total of 2,506,500 shares. Based on an average daily volume of 1,524,500 shares, the short-interest ratio is presently 1.0 days.

A number of research analysts have commented on VYGVF shares. Fundamental Research lowered their price target on Voyager Digital from $30.63 to $21.58 and set a “buy” rating for the company in a research report on Wednesday, March 2nd. Keefe, Bruyette & Woods started coverage on Voyager Digital in a research report on Sunday, January 9th. They set an “outperform” rating for the company. Finally, Craig Hallum lowered their price target on Voyager Digital from $20.00 to $12.00 in a research report on Tuesday, March 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.19.

VYGVF stock opened at $4.20 on Friday. Voyager Digital has a fifty-two week low of $4.16 and a fifty-two week high of $24.60. The business’s 50 day moving average price is $6.58 and its two-hundred day moving average price is $10.28.

Voyager Digital (OTCMKTS:VYGVFGet Rating) last posted its earnings results on Monday, February 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $164.85 million for the quarter. On average, analysts expect that Voyager Digital will post -0.4 EPS for the current year.

About Voyager Digital (Get Rating)

Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that enables users to buy and sell crypto assets across multiple centralized marketplaces in one account. The company was formerly known as Voyager Digital (Canada) Ltd.

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