Short Interest in Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Decreases By 37.8%

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 237,565 shares, a decrease of 37.8% from the April 30th total of 381,825 shares. Based on an average daily volume of 165,264 shares, the short-interest ratio is currently 1.4 days. Currently, 4.4% of the shares of the stock are sold short.

Big Digital Energy, Inc. Common Stock Stock Performance

Big Digital Energy, Inc. Common Stock stock opened at $7.64 on Friday. The firm has a market cap of $42.17 million, a PE ratio of -0.61 and a beta of 5.06. The firm’s 50 day moving average price is $5.28 and its two-hundred day moving average price is $4.55. Big Digital Energy, Inc. Common Stock has a twelve month low of $1.70 and a twelve month high of $40.00.

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Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($12.11) earnings per share for the quarter, missing the consensus estimate of ($10.40) by ($1.71). The business had revenue of $3.23 million for the quarter, compared to analysts’ expectations of $5.30 million.

Analysts Set New Price Targets

Several research firms recently commented on BGDE. Weiss Ratings reissued a “sell (e+)” rating on shares of Big Digital Energy, Inc. Common Stock in a research note on Monday, May 18th. Wall Street Zen lowered shares of Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

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Big Digital Energy, Inc. Common Stock Company Profile

(Get Free Report)

Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.

The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.

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