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.
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