Short Interest in Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Declines By 37.8%

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 237,565 shares, a decline of 37.8% from the April 30th total of 381,825 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average trading volume of 165,264 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Big Digital Energy, Inc. Common Stock in a research note on Monday, May 18th. Wall Street Zen downgraded shares of Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Big Digital Energy, Inc. Common Stock has a consensus rating of “Reduce”.

Big Digital Energy, Inc. Common Stock Stock Performance

BGDE opened at $8.47 on Thursday. The firm has a market cap of $46.75 million, a P/E ratio of -0.67 and a beta of 5.06. The business has a 50 day moving average price of $5.18 and a 200 day moving average price of $4.58. Big Digital Energy, Inc. Common Stock has a twelve month low of $1.70 and a twelve month high of $40.00.

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($12.11) EPS for the quarter, missing analysts’ consensus estimates of ($10.40) by ($1.71). The firm had revenue of $3.23 million for the quarter, compared to the consensus estimate of $5.30 million.

Big Digital Energy, Inc. Common Stock Company Profile

Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.

The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.