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 recently bought and sold shares of the stock. State Street Corp purchased a new position in HIVE Blockchain Technologies during the 2nd quarter valued at about $1,007,000. UBS Group AG grew its stake in HIVE Blockchain Technologies by 174.5% during the 3rd quarter. UBS Group AG now owns 17,829 shares of the company’s stock valued at $67,000 after acquiring an additional 11,333 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in HIVE Blockchain Technologies by 154.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,072 shares of the company’s stock valued at $56,000 after acquiring an additional 9,153 shares in the last quarter. BlackRock Inc. grew its stake in HIVE Blockchain Technologies by 25.9% during the 3rd quarter. BlackRock Inc. now owns 82,303 shares of the company’s stock valued at $310,000 after acquiring an additional 16,951 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in HIVE Blockchain Technologies during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 8.08% of the company’s stock.
About HIVE Blockchain Technologies
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.
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