Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Short Interest Update

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,124,524 shares, a growth of 86.3% from the August 31st total of 2,213,988 shares. Based on an average trading volume of 1,114,167 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “buy” rating and a $24.00 target price for the company. Sanford C. Bernstein assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “outperform” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $23.00 price objective on the stock. Barclays initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, Morgan Stanley started coverage on Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They set an “equal weight” rating and a $23.00 price objective for the company. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Blackstone Digital Infrastructure Trust has an average rating of “Hold” and a consensus price target of $23.71.

Institutional Trading of Blackstone Digital Infrastructure Trust

Several hedge funds have recently added to or reduced their stakes in BXDC. Readystate Asset Management LP bought a new position in Blackstone Digital Infrastructure Trust in the 2nd quarter worth approximately $1,127,000. Squarepoint Ops LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter valued at approximately $1,426,000. Fund 1 Investments LLC acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth $2,731,000. State Street Corp acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth $9,303,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth $83,382,000.

Blackstone Digital Infrastructure Trust Stock Down 1.2%

BXDC opened at $17.44 on Thursday. The company’s fifty day moving average price is $20.05. Blackstone Digital Infrastructure Trust has a 1 year low of $17.21 and a 1 year high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. As a group, analysts predict that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current year.

Blackstone Digital Infrastructure Trust Company Profile

Blackstone Digital Infrastructure Trust, Inc is a digital infrastructure investment company sponsored by Blackstone. The trust focuses on owning and investing in essential infrastructure that supports the digital economy, including data centers and related facilities used by cloud-computing, telecommunications and technology businesses.

Its investments are intended to provide the physical capacity and connectivity required for data storage, processing and network services. The trust’s portfolio may include operating digital infrastructure assets as well as investments in companies that develop, own or manage those assets.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader global digital infrastructure platform.