HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) short interest falls 15.3%.

During November there was a significant reduction in the number of short positions taken in HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE). As of 30 November, the total number of shares subject to short interest was 5,050,000. This represents a decrease of 15.3% compared to the total number of shares subject to short interest on the previous trading day, which was 5,965,000. The current value of the days-to-cover ratio is 4.5 days, based on a average daily trading volume of 1,120,000 shares. This value was calculated using the days-to-coverage ratio. At any given time, approximately 6.7% of the company’s shares are sold short in the market.

There have been several people who specialize in share analysis who have given their opinions on the share. Canaccord Genuity Group boosted their price target on shares of HIVE Blockchain Technologies in a research report published on Monday, August 29th. The report was about the company’s potential growth. The previous price target was $5.50, but the new price target is $7.00. Canaccord Genuity Group boosted their price objective on shares of HIVE Blockchain Technologies from $5.50 to $7.00. It gave the stock a “buy” rating in a research report on the company published on Monday, August 29th. Again, the report was about the business. HC Wainwright lowered their price target on shares of HIVE Blockchain Technologies from $7.00 to $5.00 while maintaining a “buy” rating on the stock in a research report published on Monday, December 12th. The report was about Hive Blockchain Technologies. In a report made available to the public on September 1st, HIVE Blockchain Technologies was given a rating of “d+” by TheStreet. This rating represents a downgrade from the company’s previous rating of “C”, which was also held by the company. The previous rating of HIVE Blockchain Technologies was raised to “sell” from a “hold” rating in a report released on October 21 by StockNews.com. The report was titled “HIVE Blockchain Technologies Receives a Sell Recommendation.”
NASDAQ In the last Friday, the price of HIVE increased by $0.03 and it is currently trading at $1.89. There were 1,733,578 transactions, which is significantly higher than the typical trading volume for the company’s shares, which is 1,554,968. During the past 50 and 200 trading days, the price of a share of the company’s stock has varied from $2.57 to $3.61. The equation contains a debt ratio of 0.11, a quick ratio of 3.75 and a debt ratio of 3.75. All these ratios have the same value. The company currently has a market capitalization of $156.92 million, a price-to-earnings ratio of 1.64, and a beta of 2.11. HIVE Blockchain Technologies has ranged from $1.77 to $15.80 over the previous twelve months.
Institutional investors and hedge funds have been active participants in recent transactions involving shares, buying and selling shares back and forth. As an investment, State Street Corporation contributed a total of one million and 007 thousand dollars to HIVE Blockchain Technologies during the second quarter. UBS Group AG grew its holdings in HIVE Blockchain Technologies by 174.5% during the third quarter. UBS Group AG now owns 17,829 shares of the company’s stock valued at $67,000 after purchasing an additional 11,333 shares during the last quarter. These shares were acquired due to last quarter’s activity. Tower Research Capital LLC (TRC) raised its stake in HIVE Blockchain Technologies by 154.6% during the third quarter. After buying an additional 9,153 shares over the next three months, Tower Research Capital LLC (TRC) amassed 15,072 shares of the company’s stock, which is worth $56,000. These shares were acquired after TRC made further purchases of a total of 9,153 shares. BlackRock Inc. increased its portfolio holdings in HIVE Blockchain Technologies by 25.9% during Q3 2018. BlackRock Inc. now owns 82,303 shares of the company’s stock, worth a total of $310,000, after buying a further 16,951 shares. shares in the last quarter. This brings the total number of shares owned by the company to 82,303.
Last but not least, during the third quarter, Almanack Investment Partners LLC increased its holdings in HIVE Blockchain Technologies by buying additional shares worth approximately $44,000.This was done to increase the company’s existing portfolio. To the extent of 8.08% of the company’s shares, hedge funds and other institutional investors are the company’s shareholders.

HIVE Blockchain Technologies Ltd., which operates in Sweden, Iceland and Canada, is the company responsible for mining bitcoins. HIVE Blockchain Technologies Ltd.’s primary focus is on mining and trading various forms of digital currency, including Bitcoin, Ethereum, and Ethereum Classic, among others. The company formerly known as Leeta Gold Corp. changed name to HIVE Blockchain Technologies Ltd.