Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Short Interest Up 180.0% in June

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,451,905 shares, an increase of 180.0% from the June 15th total of 875,825 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 1,568,435 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BXDC. Zacks Research raised Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “neutral” rating and a $23.00 price objective for the company. Barclays began coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “overweight” rating and a $24.00 target price for the company. Morgan Stanley assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They set an “equal weight” rating and a $23.00 target price on the stock. Finally, Moffett Nathanson started coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $21.00 price target on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.79.

Insider Buying and Selling

In other Blackstone Digital Infrastructure Trust news, insider Anthony F. Marone, Jr. acquired 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $20.00 per share, with a total value of $200,000.00. Following the acquisition, the insider owned 10,000 shares of the company’s stock, valued at $200,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine A. Keenan bought 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at $500,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 9,557,295 shares of company stock worth $191,145,900 in the last three months.

Blackstone Digital Infrastructure Trust Trading Down 2.7%

Blackstone Digital Infrastructure Trust stock traded down $0.57 during mid-day trading on Monday, reaching $20.81. The company had a trading volume of 510,318 shares, compared to its average volume of 1,201,821. The business’s 50-day simple moving average is $21.62. Blackstone Digital Infrastructure Trust has a 1 year low of $19.60 and a 1 year high of $22.90.