Riot Blockchain Inc (NASDAQ:RIOT) Short Interest Up 6.1% in July
Riot Blockchain Inc (NASDAQ:RIOT) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 4,327,500 shares, a growth of 6.1% from the June 30th total of 4,079,700 shares. Currently, 33.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 2.3 days.
A number of large investors have recently added to or reduced their stakes in RIOT. Vanguard Group Inc. boosted its holdings in Riot Blockchain by 19.1% in the second quarter. Vanguard Group Inc. now owns 876,877 shares of the technology company’s stock valued at $2,753,000 after purchasing an additional 140,752 shares during the period. BlackRock Inc. boosted its holdings in Riot Blockchain by 14.1% in the second quarter. BlackRock Inc. now owns 420,831 shares of the technology company’s stock valued at $1,321,000 after purchasing an additional 52,001 shares during the period. Deutsche Bank AG boosted its holdings in Riot Blockchain by 4,404,000.0% in the fourth quarter. Deutsche Bank AG now owns 44,041 shares of the technology company’s stock valued at $66,000 after purchasing an additional 44,040 shares during the period. Nomura Holdings Inc. purchased a new position in Riot Blockchain in the second quarter valued at $108,000. Finally, National Asset Management Inc. purchased a new position in Riot Blockchain in the first quarter valued at $82,000. Hedge funds and other institutional investors own 12.51% of the company’s stock.
A number of equities research analysts have recently weighed in on RIOT shares. ValuEngine raised Riot Blockchain from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut Riot Blockchain from a “hold” rating to a “sell” rating in a research note on Wednesday, June 5th.
About Riot Blockchain
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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