Digihost Technology Inc. (NASDAQ:DGHI) Short Interest Up 27.2% in March

Digihost Technology Inc. (NASDAQ:DGHIGet Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 645,300 shares, an increase of 27.2% from the March 15th total of 507,200 shares. Based on an average daily trading volume, of 127,500 shares, the short-interest ratio is currently 5.1 days. Approximately 8.2% of the shares of the company are sold short.

Several hedge funds and other institutional investors have recently modified their holdings of DGHI. JPMorgan Chase & Co. purchased a new stake in shares of Digihost Technology during the 4th quarter worth $190,000. Susquehanna International Group LLP purchased a new stake in shares of Digihost Technology during the 4th quarter worth $142,000. Toroso Investments LLC purchased a new stake in shares of Digihost Technology during the 4th quarter worth $74,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Digihost Technology during the 1st quarter worth $33,000. Institutional investors own 1.77% of the company’s stock.

Shares of NASDAQ DGHI opened at $3.02 on Monday. The stock has a market cap of $225.62 million and a price-to-earnings ratio of 151.08. Digihost Technology has a one year low of $2.42 and a one year high of $8.00. The stock’s fifty day moving average is $3.32.

Digihost Technology (NASDAQ:DGHIGet Rating) last issued its earnings results on Monday, March 28th. The company reported $0.01 EPS for the quarter. The company had revenue of $9.59 million for the quarter. Digihost Technology had a net margin of 7.16% and a return on equity of 2.98%. As a group, equities analysts anticipate that Digihost Technology will post 0.73 earnings per share for the current year.

Separately, HC Wainwright lifted their price objective on shares of Digihost Technology from $3.50 to $5.00 and gave the company a “buy” rating in a research report on Thursday, March 31st.

About Digihost Technology (Get Rating)

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.

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