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

Digihost Technology Inc. (NASDAQ:DGHI) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 151,600 shares, a drop of 7.6% from the November 15th total of 164,000 shares. Based on an average trading volume of 168,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are sold short.

Digihost Technology Stock Performance

DGHI opened at $1.83 on Wednesday. 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 $60.41 million, a price-to-earnings ratio of -3.39 and a beta of 5.25. The company’s 50 day moving average is $1.67 and its 200 day moving average is $1.41. Digihost Technology has a 12-month low of $0.84 and a 12-month high of $2.54.

Hedge Funds Weigh In On Digihost Technology

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

Analysts Set New Price Targets

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

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.