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

Digihost Technology Inc. (NASDAQ:DGHI) saw a large increase in short interest in 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. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 117,000 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Digihost Technology

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

Digihost Technology Stock Down 6.0 %

Shares of DGHI stock traded down $0.13 during mid-day trading on Tuesday, hitting $2.02. The stock had a trading volume of 433,356 shares, compared to its average volume of 117,862. The firm has a market capitalization of $66.68 million, a P/E ratio of -6.52 and a beta of 5.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. Digihost Technology has a 12-month low of $0.84 and a 12-month high of $2.54. The firm’s 50-day moving average is $1.28 and its two-hundred day moving average is $1.31.

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

Wall Street Analyst Weigh In

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

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.