HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,840,000 shares, a growth of 15.7% from the May 31st total of 3,320,000 shares. Based on an average trading volume of 2,880,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.7% of the shares of the company are short sold.
HIVE Digital Technologies Stock Down 2.8 %
Shares of HIVE stock opened at $3.08 on Monday. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $6.84. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $3.32.
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) last posted its quarterly earnings results on Monday, June 24th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. HIVE Digital Technologies had a negative return on equity of 28.52% and a negative net margin of 44.73%. The business had revenue of $36.88 million during the quarter, compared to the consensus estimate of $39.70 million. Equities analysts expect that HIVE Digital Technologies will post -0.39 earnings per share for the current fiscal year.
Institutional Trading of HIVE Digital Technologies
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on HIVE shares. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research report on Sunday, June 9th. Canaccord Genuity Group restated a “buy” rating and set a $6.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday, June 26th. Finally, HC Wainwright reiterated a “neutral” rating and set a $3.50 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, June 26th.
View Our Latest Stock Report on HIVE
HIVE Digital Technologies Company Profile
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.
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