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

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Digihost Technology

A number of institutional investors have recently made changes to their positions in DGHI. Vident Advisory LLC boosted its holdings in shares of Digihost Technology by 50.6% during the fourth quarter. Vident Advisory LLC now owns 1,200,356 shares of the company’s stock worth $1,801,000 after acquiring an additional 403,471 shares during the period. Jane Street Group LLC boosted its holdings in shares of Digihost Technology by 108.5% during the third quarter. Jane Street Group LLC now owns 87,211 shares of the company’s stock worth $101,000 after acquiring an additional 45,388 shares during the period. Private Advisor Group LLC bought a new stake in shares of Digihost Technology during the fourth quarter worth approximately $30,000. Renaissance Technologies LLC boosted its holdings 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 period. Finally, Citadel Advisors LLC boosted its holdings in shares of Digihost Technology by 12.0% during the fourth quarter. Citadel Advisors LLC now owns 79,150 shares of the company’s stock worth $119,000 after acquiring an additional 8,499 shares during the period. Institutional investors own 1.93% of the company’s stock.

Digihost Technology Trading Up 4.2 %

Shares of NASDAQ:DGHI opened at $1.23 on Friday. Digihost Technology has a 12-month low of $0.84 and a 12-month high of $3.77. The stock has a market cap of $44.66 million, a PE ratio of -2.28 and a beta of 5.68. The business has a 50 day moving average of $2.12 and a 200-day moving average of $1.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.01.

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.