Digihost Technology Inc. (NASDAQ:DGHI) Short Interest Up 560.7% in October

Digihost Technology Inc. (NASDAQ:DGHI) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 230,600 shares, a growth of 560.7% from the October 15th total of 34,900 shares. Based on an average daily trading volume, of 117,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Digihost Technology

An institutional investor recently bought a new position in Digihost Technology stock. Tocqueville Asset Management L.P. bought a new stake in shares of Digihost Technology Inc. (NASDAQ:DGHI) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 30,847 shares of the company’s stock, valued at approximately $45,000. Tocqueville Asset Management L.P. owned about 0.11% of Digihost Technology as of its most recent filing with the SEC. 1.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $2.50 price target on shares of Digihost Technology in a research report on Friday, September 20th.

Digihost Technology Price Performance

Shares of DGHI stock traded down $0.13 during trading hours on Tuesday, hitting $2.02. The stock had a trading volume of 433,356 shares, compared to its average volume of 117,862. The stock’s 50-day moving average price is $1.28 and its two-hundred day moving average price is $1.31. Digihost Technology has a one year low of $0.84 and a one year high of $2.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $66.68 million, a price-to-earnings ratio of -6.52 and a beta of 5.25.

Digihost Technology (NASDAQ:DGHI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The company had revenue of $9.23 million during the quarter, compared to analysts’ expectations of $8.10 million. Digihost Technology had a negative net margin of 27.10% and a negative return on equity of 26.99%. Equities analysts forecast that Digihost Technology will post -0.26 EPS for the current year.

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.