Digihost Technology Inc. (NASDAQ:DGHI) Short Interest Update

Digihost Technology Inc. (NASDAQ:DGHI) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 230,600 shares, an increase of 560.7% from the October 15th total of 34,900 shares. Based on an average trading volume of 117,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Digihost Technology stock. Tocqueville Asset Management L.P. bought a new position in shares of Digihost Technology Inc. (NASDAQ:DGHI) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 30,847 shares of the company’s stock, valued at approximately $45,000. Tocqueville Asset Management L.P. owned 0.11% of Digihost Technology at the end of the most recent quarter. 1.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 price objective on shares of Digihost Technology in a report on Friday, September 20th.

Digihost Technology Stock Performance

Shares of DGHI stock traded up $0.03 during midday trading on Thursday, hitting $1.91. The company had a trading volume of 100,655 shares, compared to its average volume of 118,308. 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 company’s 50 day simple moving average is $1.32 and its 200 day simple moving average is $1.32. Digihost Technology has a 52-week low of $0.84 and a 52-week high of $2.54. The stock has a market cap of $63.05 million, a price-to-earnings ratio of -5.70 and a beta of 5.25.

Digihost Technology (NASDAQ:DGHI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.06. Digihost Technology had a negative net margin of 27.10% and a negative return on equity of 26.99%. The company had revenue of $9.23 million for the quarter, compared to analysts’ expectations of $8.10 million. Research analysts anticipate that Digihost Technology will post -0.26 earnings per share for the current fiscal year.

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.