Digihost Technology Inc. (NASDAQ:DGHI) Sees Large Growth in Short Interest

Digihost Technology Inc. (NASDAQ:DGHI) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 165,800 shares, an increase of 9.4% from the November 30th total of 151,600 shares. Based on an average daily trading volume, of 220,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Digihost Technology

A hedge fund recently raised its stake in Digihost Technology stock. Jane Street Group LLC raised its stake in shares of Digihost Technology Inc. (NASDAQ:DGHI) by 108.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,211 shares of the company’s stock after acquiring an additional 45,388 shares during the period. Jane Street Group LLC owned approximately 0.26% of Digihost Technology worth $101,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.93% of the company’s stock.

Digihost Technology Stock Performance

NASDAQ:DGHI opened at $1.50 on Thursday. The company’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.44. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The company has a market cap of $49.52 million, a P/E ratio of -2.78 and a beta of 5.25. Digihost Technology has a twelve month low of $0.84 and a twelve month high of $2.49.

About Digihost Technology

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.