Digihost Technology Inc. (NASDAQ:DGHI) Short Interest Down 69.2% in March

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

Digihost Technology Trading Down 2.9 %

Shares of NASDAQ:DGHI traded down $0.04 during trading on Wednesday, reaching $1.36. The company’s stock had a trading volume of 71,559 shares, compared to its average volume of 175,336. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.02. Digihost Technology has a 12 month low of $0.82 and a 12 month high of $2.54. The firm’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $1.48. The stock has a market capitalization of $39.89 million, a PE ratio of -1.71 and a beta of 5.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vident Advisory LLC lifted its holdings in shares of 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 bought a new position in shares of Digihost Technology in the 1st quarter valued at about $269,000. Jane Street Group LLC bought a new position in shares of Digihost Technology in the 1st quarter valued at about $57,000. Renaissance Technologies LLC bought a new position in shares of Digihost Technology in the 2nd quarter valued at about $49,000. Finally, Citadel Advisors LLC bought a new stake in Digihost Technology in the second quarter worth about $46,000. Institutional investors own 1.93% of the company’s stock.

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.