HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) sees big increase in short interest
HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE – Get Rating) was the target of significant growth in card interest in February. As of February 28, there was short interest on a total of 6,660,000 shares, a growth of 46.1% from a total of 4,560,000 shares on February 13. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 8.1% of the shares in the stock are short sold.
Institutional inflows and outflows
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Major investors have recently bought and sold shares in the company. Vident Investment Advisory LLC lifted its holdings in HIVE Blockchain Technologies by 10.3% during the 4th quarter. Vident Investment Advisory LLC now owns 331,608 shares of the company’s stock worth $475,000 after buying an additional 30,912 shares during the last quarter. Geode Capital Management LLC lifted its stake in HIVE Blockchain Technologies by 51.5% during the 4th quarter. Geode Capital Management LLC now owns 252,703 shares of the company’s stock worth $363,000 after buying an additional 85,956 shares during the last quarter. BlackRock Inc. lifted its stake in HIVE Blockchain Technologies by 25.9% during the 3rd quarter. BlackRock Inc. now owns 82,303 shares of the company’s stock worth $310,000 after purchasing an additional 16,951 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of HIVE Blockchain Technologies by 251.8% in the 4th quarter. IHT Wealth Management LLC now owns 103,018 shares of the company’s stock worth $148,000 after buying an additional 73,737 shares during the last quarter. Finally, Toroso Investments LLC lifted its holdings in shares of HIVE Blockchain Technologies by 132.2% in the 3rd quarter. Toroso Investments LLC now owns 25,291 shares of the company’s stock worth $95,000 after buying an additional 14,400 shares during the last quarter. Institutional investors own 12.55% of the company’s shares.
Wall Street analyst weighs in
Separately, HC Wainwright reiterated a “buy” rating and set a $5.00 target price on shares of HIVE Blockchain Technologies in a research report on Wednesday, February 22nd.
HIVE Blockchain Technologies trades down 1.3%
NASDAQ:HIVE opened at $2.35 on Friday. The company has a quick ratio of 2.86, a gearing ratio of 2.86 and a gearing ratio of 0.19. The company’s 50 day moving average is $2.93 and its two hundred day moving average is $2.95. HIVE Blockchain Technologies has a 52 week low of $1.36 and a 52 week high of $11.70. The company has a market cap of $196.86 million, a PE ratio of -0.77 and a beta of 3.57.
About HIVE Blockchain Technologies
(Get rating)
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden and Iceland. It mines and sells digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.
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