Digi Power X Inc. (NASDAQ:DGXX) Short Interest Update

Digi Power X Inc. (NASDAQ:DGXX) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 3,023,611 shares, a decrease of 23.6% from the December 15th total of 3,956,737 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average daily volume of 3,612,947 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 3,612,947 shares, the short-interest ratio is presently 0.8 days. Currently, 6.6% of the company’s stock are short sold.

Insider Transactions at Digi Power X

In other Digi Power X news, President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $2.72, for a total value of $74,800.00. Following the sale, the president owned 1,290,616 shares of the company’s stock, valued at $3,510,475.52. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Digi Power X

A number of hedge funds have recently made changes to their positions in DGXX. Arkadios Wealth Advisors acquired a new stake in Digi Power X during the 3rd quarter valued at approximately $27,000. Fortitude Advisory Group L.L.C. bought a new stake in shares of Digi Power X in the 3rd quarter valued at $34,000. Private Advisor Group LLC acquired a new stake in shares of Digi Power X during the third quarter worth $39,000. Sprott Inc. bought a new position in Digi Power X during the third quarter worth $69,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Digi Power X during the third quarter worth $74,000. 1.93% of the stock is currently owned by institutional investors.

Digi Power X Stock Up 6.0%

Shares of NASDAQ DGXX traded up $0.18 during trading hours on Monday, hitting $3.19. The company had a trading volume of 3,953,421 shares, compared to its average volume of 3,227,814. The stock has a market capitalization of $146.20 million, a P/E ratio of -7.60 and a beta of 5.85. The firm’s 50 day moving average is $3.29 and its 200-day moving average is $3.20. Digi Power X has a 1-year low of $0.85 and a 1-year high of $6.78.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Digi Power X had a negative net margin of 39.25% and a negative return on equity of 47.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HC Wainwright lifted their price objective on shares of Digi Power X from $2.50 to $5.00 and gave the company a “buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Digi Power X currently has a consensus rating of “Hold” and a consensus target price of $4.00.

About Digi Power X

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.