During the month of May, Voyager Digital Ltd. saw a significant increase in short interest. Short interest grew by 567.2% from 842,600 shares on May 15th to 5,621,500 shares on May 31st. An average daily trading volume of 1,411,600 shares results in a short-interest ratio of 4.0 days.
Shares of OTCMKTS VYGVF traded down $0.20 during mid-day trading on Friday, hitting $2.12. The company had a trading volume of 221,987 shares, compared to its average volume of 603,254. The firm has a 50-day simple moving average of $3.35 and a two-hundred day simple moving average of $7.54. Voyager Digital has a one year low of $2.02 and a one year high of $20.97.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Voyager Digital from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Craig Hallum cut their price target on Voyager Digital from $12.00 to $5.00 in a research note on Tuesday, May 17th. Fundamental Research cut their price target on Voyager Digital from $30.63 to $21.58 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. Compass Point downgraded Voyager Digital from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 17th. Finally, HC Wainwright reissued a “buy” rating and issued a $16.00 price target on shares of Voyager Digital in a research note on Tuesday, May 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Voyager Digital has a consensus rating of “Buy” and an average target price of $18.15.