BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) Sees Significant Increase in Short Interest

by · The Cerbat Gem

BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 652,294 shares, an increase of 320.5% from the July 15th total of 155,133 shares. Based on an average trading volume of 1,002,828 shares, the short-interest ratio is currently 0.7 days. Currently, 3.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

AIB has been the topic of a number of research analyst reports. Maxim Group initiated coverage on shares of BlockchAIn Digital Infrastructure in a report on Tuesday, June 30th. They issued a “buy” rating and a $5.00 target price on the stock. Zacks Research upgraded BlockchAIn Digital Infrastructure to a “hold” rating in a report on Wednesday, July 1st. Finally, Lucid Cap Mkts raised BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $5.00.

Check Out Our Latest Report on AIB

BlockchAIn Digital Infrastructure Stock Performance

NYSEAMERICAN:AIB opened at $1.82 on Friday. BlockchAIn Digital Infrastructure has a one year low of $0.90 and a one year high of $6.28. The company has a fifty day moving average of $1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.42 and a current ratio of 0.42.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.92 million for the quarter. BlockchAIn Digital Infrastructure had a negative return on equity of 31.84% and a negative net margin of 17.04%. On average, sell-side analysts forecast that BlockchAIn Digital Infrastructure will post -0.18 EPS for the current fiscal year.

About BlockchAIn Digital Infrastructure

(Get Free Report)

BlockchAIn Digital Infrastructure Inc is engaged in the digital infrastructure business, providing data center operations and high-performance computing services. The company offers power infrastructure, hosting services, and equipment leasing to customers involved in blockchain computing, artificial intelligence, and high-performance data processing. Its operations include leasing space, power capacity, and equipment within data center facilities, as well as offering modular digital asset mining containers and related hardware and support services.

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