During November, there was a significant reduction in the number of short positions taken in HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE). As of November 30th, the total number of shares subject to short interest was 5,050,000. This represents a decrease of 15.3% when 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 an average daily trading volume of 1,120,000 shares. This value was calculated using the days-to-cover 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 equity research who have provided their opinions about the stock. Canaccord Genuity Group increased 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 objective was $5.50, but the new one is $7.00. Canaccord Genuity Group raised 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 about the company that was published on Monday, August 29th. Again, the report was about the business. HC Wainwright lowered their price objective 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 “hold” for HIVE Blockchain Technologies was raised to “sell” in a report released on October 21st by StockNews.com. The report was titled “HIVE Blockchain Technologies Gets a Sell Recommendation.”
NASDAQ This past 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 most recent 50 and 200 trading days, the price of a share of the company’s stock has ranged anywhere from $2.57 to $3.61. The equation contains a debt-to-equity ratio of 0.11, a quick ratio of 3.75, and a current ratio of 3.75. All of these ratios have the same value. The company’s market capitalization is currently sitting at $156.92 million, its price-to-earnings ratio is 1.64, and its beta stands at 2.11. HIVE Blockchain Technologies has ranged anywhere from $1.77 to $15.80 over the preceding twelve months.
Institutional investors and hedge funds have been active participants in recent transactions involving the stock, 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. During the third quarter, UBS Group AG achieved a 174.5% increase in the proportion of HIVE Blockchain Technologies that it owned. After making an additional 11,333 share purchase during the most recent quarter, UBS Group AG is now the owner of 17,829 shares with a value of $67,000. These shares were acquired due to the most recent quarter’s activity. During the third quarter, Tower Research Capital LLC (TRC) increased the proportion of HIVE Blockchain Technologies that it owned by 154.6%. After purchasing an additional 9,153 shares over the next three months, Tower Research Capital LLC (TRC) has accumulated 15,072 shares of the company’s stock, which is $56,000. These shares were acquired after TRC made additional purchases totaling 9,153 shares. BlackRock Inc. increased the percentage of HIVE Blockchain Technologies that it holds in its portfolio by 25.9% during the third quarter of 2018. BlackRock Inc. now has 82,303 shares of the company’s stock, worth a combined total of $310,000, after purchasing an additional 16,951 shares during the most recent quarter. This brings the total number of shares that the company owns to 82,303.
Last but not least, during the third quarter, Almanack Investment Partners LLC increased its holdings in HIVE Blockchain Technologies by purchasing additional shares for close to $44,000. This was done to add to 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 digital currency forms, including Bitcoin, Ethereum, and Ethereum Classic, among others. The company formerly known as Leeta Gold Corp. changed its name to HIVE Blockchain Technologies Ltd.
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