Digihost Technology Inc. (NASDAQ:DGHI) Sees Significant Drop in Short Interest

Digihost Technology Inc. (NASDAQ:DGHI) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 45,100 shares, a decrease of 69.2% from the February 29th total of 146,400 shares. Based on an average daily trading volume, of 243,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Digihost Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC raised its holdings in Digihost Technology by 186.2% in the 4th quarter. Vident Advisory LLC now owns 410,430 shares of the company’s stock valued at $940,000 after acquiring an additional 267,034 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Digihost Technology in the 1st quarter valued at $269,000. Jane Street Group LLC purchased a new stake in shares of Digihost Technology in the 1st quarter valued at approximately $57,000. Vima LLC purchased a new position in shares of Digihost Technology during the fourth quarter worth $71,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Digihost Technology during the second quarter worth about $49,000. Hedge funds and other institutional investors own 1.93% of the company’s stock.

Digihost Technology Stock Up 7.4 %

Digihost Technology stock traded up $0.10 during trading on Thursday, reaching $1.46. The company had a trading volume of 209,058 shares, compared to its average volume of 175,882. The firm’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $1.47. Digihost Technology has a 1-year low of $0.82 and a 1-year high of $2.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60.

About Digihost Technology

Digihost Technology Inc operates as a blockchain technology company focuses on the blockchain industry in the United States. The company mines for cryptocurrency. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.