HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE – Get Rating) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 5,050,000 shares, a decline of 15.3% from the November 15th total of 5,960,000 shares. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 6.7% of the shares of the stock are short sold.
HIVE Blockchain Technologies Trading Up 1.6 %
NASDAQ HIVE traded up $0.03 on Friday, hitting $1.89. 1,733,578 shares of the company were exchanged, compared to its average volume of 1,554,968. The company’s 50 day moving average price is $2.57 and its 200-day moving average price is $3.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a market capitalization of $156.92 million, a P/E ratio of -1.64 and a beta of 2.11. HIVE Blockchain Technologies has a twelve month low of $1.77 and a twelve month high of $15.80.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of HIVE Blockchain Technologies from $5.50 to $7.00 in a research report on Monday, August 29th. Canaccord Genuity Group boosted their price target on shares of HIVE Blockchain Technologies from $5.50 to $7.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. HC Wainwright dropped their price target on shares of HIVE Blockchain Technologies from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. TheStreet downgraded HIVE Blockchain Technologies from a “c” rating to a “d+” rating in a report on Thursday, September 1st. Finally, StockNews.com upgraded HIVE Blockchain Technologies to a “sell” rating in a report on Friday, October 21st.
Institutional Trading of HIVE Blockchain Technologies
Institutional investors and hedge funds have…
