2 weeks Ago By ABMN Staff
Stronghold Digital Mining, Inc. ( NASDAQ:SDIG – Get Free Report ) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 494,600 shares, a decrease of 28.
2% from the August 31st total of 689,100 shares. Approximately 4.0% of the company’s shares are short sold.
Based on an average daily trading volume, of 1,610,000 shares, the short-interest ratio is presently 0.3 days. Insider Activity at Stronghold Digital Mining In other Stronghold Digital Mining news, CEO Gregory A.
Beard sold 44,261 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $4.44, for a total value of $196,518.
84. Following the transaction, the chief executive officer now owns 379,324 shares of the company’s stock, valued at $1,684,198.56.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 13,058 shares of the business’s stock in a transaction dated Thursday, July 11th.
The stock was sold at an average price of $3.67, for a total value of $47,922.86.
Following the completion of the transaction, the chief executive officer now directly owns 395,057 shares of the company’s stock, valued at $1,449,859.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, CEO Gregory A. Beard sold 44,261 shares of Stronghold Digital Mining stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $4.
44, for a total value of $196,518.84. Following the transaction, the chief executive officer now owns 379,324 shares in the company, valued at approximately $1,684,198.
56. The disclosure for this sale can be found here . Insiders have sold 78,740 shares of company stock worth $332,873 over the last ninety days.
Company insiders own 47.55% of the company’s stock. Institutional Investors Weigh In On Stronghold Digital Mining A number of institutional investors have recently added to or reduced their stakes in SDIG.
Armistice Capital LLC acquired a new position in Stronghold Digital Mining in the fourth quarter valued at $7,300,000. Nomura Holdings Inc. bought a new stake in Stronghold Digital Mining in the fourth quarter valued at $404,000.
Virtu Financial LLC bought a new position in shares of Stronghold Digital Mining during the 1st quarter worth about $71,000. RFG Advisory LLC bought a new stake in Stronghold Digital Mining in the 2nd quarter valued at about $43,000. Finally, Western Wealth Management LLC acquired a new position in Stronghold Digital Mining during the 2nd quarter worth approximately $59,000.
19.33% of the stock is owned by institutional investors. Stronghold Digital Mining Stock Performance Stronghold Digital Mining ( NASDAQ:SDIG – Get Free Report ) last posted its earnings results on Wednesday, August 14th.
The company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.
33). Stronghold Digital Mining had a positive return on equity of 40.15% and a negative net margin of 7.
61%. The firm had revenue of $19.10 million for the quarter, compared to analyst estimates of $20.
15 million. Sell-side analysts forecast that Stronghold Digital Mining will post -2.07 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In SDIG has been the topic of a number of recent research reports. B. Riley lifted their target price on Stronghold Digital Mining from $5.
00 to $6.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. HC Wainwright reaffirmed a “neutral” rating on shares of Stronghold Digital Mining in a research report on Thursday, August 22nd.
Check Out Our Latest Stock Report on Stronghold Digital Mining Stronghold Digital Mining Company Profile ( Get Free Report ) Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.
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