BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) Short Interest Down 42.4% in August

BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 375,427 shares, a drop of 42.4% from the July 30th total of 652,294 shares. Based on an average trading volume of 1,107,232 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

BlockchAIn Digital Infrastructure Stock Down 9.5%

Shares of AIB stock traded down $0.12 during trading hours on Friday, reaching $1.14. 774,268 shares of the company traded hands, compared to its average volume of 1,215,032. The stock’s 50-day moving average price is $1.78. BlockchAIn Digital Infrastructure has a 12-month low of $0.90 and a 12-month high of $6.28.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) last released its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. BlockchAIn Digital Infrastructure had a negative return on equity of 15.42% and a negative net margin of 26.53%.The firm had revenue of $2.92 million during the quarter. On average, equities research analysts expect that BlockchAIn Digital Infrastructure will post -0.5 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.