Short Interest in Voyager Digital Ltd. (OTCMKTS:VYGVF) Grows By 567.2%

Voyager Digital Ltd. (OTCMKTS:VYGVFGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,621,500 shares, an increase of 567.2% from the May 15th total of 842,600 shares. Based on an average daily volume of 1,411,600 shares, the days-to-cover ratio is currently 4.0 days.

VYGVF opened at $1.93 on Friday. The company’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $7.44. Voyager Digital has a 1 year low of $1.92 and a 1 year high of $20.97. The stock has a market capitalization of $328.71 million and a PE ratio of -6.43.

Several research analysts recently weighed in on VYGVF shares. Fundamental Research cut their target price on shares of Voyager Digital from $30.63 to $21.58 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Craig Hallum decreased their price target on shares of Voyager Digital from $12.00 to $5.00 in a research note on Tuesday, May 17th. HC Wainwright reaffirmed a “buy” rating and set a $16.00 price target on shares of Voyager Digital in a research note on Tuesday, May 17th. Finally, Compass Point cut shares of Voyager Digital from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $18.15.

About Voyager Digital (Get Rating)

Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that enables users to buy and sell crypto assets across multiple centralized marketplaces in one account. The company was formerly known as Voyager Digital (Canada) Ltd.

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