Hut 8 Mining Corp. (OTCMKTS:BRPHF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 60,400 shares, a decrease of 25.7% from the August 15th total of 81,300 shares. Based on an average trading volume of 1,174,300 shares, the days-to-cover ratio is currently 0.1 days.
Separately, Stifel Nicolaus increased their price target on shares of Hut 8 Mining from $2.50 to $3.80 and gave the company a “buy” rating in a report on Monday, August 17th.
Shares of OTCMKTS:BRPHF traded up $0.04 on Wednesday, reaching $2.75. 73,861 shares of the company’s stock were exchanged, compared to its average volume of 120,163. Hut 8 Mining has a twelve month low of $0.41 and a twelve month high of $4.35.
Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital assets and blockchain technology industry. It operates in four business lines, which include Trading, Asset Management, Principal Investments, and Advisory Services. The company manages a portfolio of private and public principal investments across digital asset, cryptocurrency, and blockchain technology sector, including early- and later-stage equity, secured lending, pre-initial coin offering contributions, and other structured alternative investments.
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