Short Interest in BlockchAIn Digital Infrastructure, Inc (NYSEAMERICAN:AIB) Declines By 34.3%

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

BlockchAIn Digital Infrastructure Trading Up 5.3%

NYSEAMERICAN:AIB opened at $1.78 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s 50 day moving average price is $2.02. BlockchAIn Digital Infrastructure has a 52 week low of $0.90 and a 52 week high of $6.28.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $4.91 million during the quarter. BlockchAIn Digital Infrastructure had a negative return on equity of 18.08% and a negative net margin of 8.44%. Sell-side analysts expect that BlockchAIn Digital Infrastructure will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

AIB has been the topic of a number of recent research reports. Zacks Research raised BlockchAIn Digital Infrastructure to a “hold” rating in a research note on Wednesday, July 1st. Maxim Group started coverage on BlockchAIn Digital Infrastructure in a research report on Tuesday, June 30th. They issued a “buy” rating and a $5.00 price target for the company. Finally, Lucid Cap Mkts upgraded shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlockchAIn Digital Infrastructure currently has a consensus rating of “Buy” and a consensus price target of $5.00.

About BlockchAIn Digital Infrastructure

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.