CleanSpark, Inc. (NASDAQ:CLSK) Sees Large Growth in Short Interest

CleanSpark, Inc. (NASDAQ:CLSK – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 8,630,000 shares, an increase of 8.3% from the April 15th total of 7,970,000 shares. Based on an average daily trading volume, of 6,100,000 shares, the short-interest ratio is currently 1.4 days.

CleanSpark Stock Performance

CLSK opened at $4.29 on Wednesday. CleanSpark has a 12-month low of $1.74 and a 12-month high of $6.84. The stock has a fifty day moving average of $3.32 and a 200-day moving average of $2.84.

Institutional Trading of CleanSpark

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of CleanSpark by 533.2% during the fourth quarter. Barclays PLC now owns 12,253 shares of the company’s stock worth $25,000 after acquiring an additional 10,318 shares in the last quarter. Nisa Investment Advisors LLC increased its position in CleanSpark by 2,759.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,524 shares of the company’s stock worth $28,000 after buying an additional 13,051 shares during the last quarter. Toroso Investments LLC acquired a new position in CleanSpark during the third quarter worth $32,000. Tower Research Capital LLC TRC increased its position in CleanSpark by 139.2% during the first quarter. Tower Research Capital LLC TRC now owns 12,114 shares of the company’s stock worth $34,000 after buying an additional 7,050 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in CleanSpark by 68.5% during the fourth quarter. Squarepoint Ops LLC now owns 18,886 shares of the company’s stock worth $39,000 after buying an additional 7,678 shares during the last quarter. 25.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CLSK shares. BTIG Research dropped their target price on CleanSpark from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of CleanSpark in a report on Friday, February 10th. Finally, Chardan Capital reissued a “buy” rating and set a $5.00 target price on shares of CleanSpark in a report on Monday, April 17th.

CleanSpark Company Profile

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CleanSpark, Inc is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.