Voyager Digital Ltd. (OTCMKTS:VYGVF) Short Interest Up 567.2% in May

Voyager Digital Ltd. (OTCMKTS: VYGVF – Get Rating) benefited from strong growth in short-term interest during May. As of May 31, there was short interest totaling 5,621,500 shares, a growth of 567.2% from the total of 842,600 shares as of May 15. Based on an average daily trading volume of 1,411,600 shares, the short-term interest rate ratio is currently 4.0 days.

Shares of OTCMKTS VYGVF traded down $0.20 at midday on Friday, hitting $2.12. The company had a trading volume of 221,987 shares, compared to an average volume of 603,254. The company 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 minimum of $2.02 and a one-year maximum of $20.97.

A number of research analysts have weighed in on the company recently. Zacks Investment Research upgraded Voyager Digital from a “sell” rating to a “hold” rating in a Tuesday, May 10 research note. Craig Hallum reduced his price target on Voyager Digital from $12.00 to $5.00 in a Tuesday, May 17 research note. Fundamental Research cut its price target on Voyager Digital from $30.63 to $21.58 and set a “buy” rating on the stock in a Wednesday, March 2 research note. Compass Point downgraded Voyager Digital from a “buy” rating to a “neutral” rating in a Tuesday, May 17 research note. Finally, HC Wainwright reissued a “buy” rating and issued a $16.00 price target on Voyager Digital shares in a research note on Tuesday, May 17. Two research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, Voyager Digital has a consensus rating of “Buy” and an average target price of $18.15.

Voyager Digital Company Profile (Get an assessment)

Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that allows users to buy and sell crypto assets across multiple centralized marketplaces in a single account. The company was formerly known as Voyager Digital (Canada) Ltd.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Voyager Digital right now?

Before you consider Voyager Digital, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and Voyager Digital was not on the list.

Although Voyager Digital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here