Digihost Technology (NASDAQ:DGHI) Trading 4.9% Higher

Digihost Technology Inc. (NASDAQ:DGHI)’s share price was up 4.9% during trading on Thursday . The stock traded as high as $1.31 and last traded at $1.28. Approximately 51,729 shares were traded during trading, a decline of 67% from the average daily volume of 155,820 shares. The stock had previously closed at $1.22.

Digihost Technology Stock Down 0.8 %

The business’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.52. The company has a current ratio of 0.42, a quick ratio of 0.60 and a debt-to-equity ratio of 0.02. The firm has a market cap of $37.25 million, a PE ratio of -1.63 and a beta of 5.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DGHI. Vident Advisory LLC grew its stake in 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 period. Vident Investment Advisory LLC acquired a new position in shares of Digihost Technology in the 1st quarter valued at $269,000. Jane Street Group LLC acquired a new stake in shares of Digihost Technology during the first quarter valued at about $57,000. Vima LLC acquired a new stake in shares of Digihost Technology in the fourth quarter valued at $71,000. Finally, Renaissance Technologies LLC bought a new position in shares of Digihost Technology in the 2nd quarter worth about $49,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

About Digihost Technology

Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.