BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) Short Interest Update

BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 280,131 shares, a drop of 34.3% from the June 15th total of 426,376 shares. Based on an average daily volume of 1,544,940 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AIB. Lucid Cap Mkts raised shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research note on Wednesday, July 1st. Maxim Group assumed coverage on shares of BlockchAIn Digital Infrastructure in a research report on Tuesday, June 30th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Zacks Research raised BlockchAIn Digital Infrastructure to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $5.00.

BlockchAIn Digital Infrastructure Stock Down 0.6%

Shares of AIB opened at $1.77 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50 day simple moving average of $2.03. BlockchAIn Digital Infrastructure has a fifty-two week low of $0.90 and a fifty-two week high of $6.28.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) last posted its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $4.91 million for the quarter. BlockchAIn Digital Infrastructure had a negative return on equity of 18.08% and a negative net margin of 8.44%. As a group, sell-side analysts anticipate that BlockchAIn Digital Infrastructure will post -0.18 earnings per share for the current fiscal year.

BlockchAIn Digital Infrastructure Company Profile

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.