Short Interest in Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Expands By 180.0%

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,451,905 shares, a growth of 180.0% from the June 15th total of 875,825 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 1,568,435 shares, the short-interest ratio is presently 1.6 days.

Analysts Set New Price Targets

A number of equities analysts have commented on BXDC shares. Barclays assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “overweight” rating and a $24.00 target price for the company. JPMorgan Chase & Co. started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $23.00 price target on the stock. Morgan Stanley initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They set an “equal weight” rating and a $23.00 price objective for the company. BNP Paribas Exane began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued an “outperform” rating and a $26.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.79.

Blackstone Digital Infrastructure Trust Trading Up 0.2%

Shares of NYSE:BXDC traded up $0.04 during trading hours on Tuesday, hitting $20.82. The stock had a trading volume of 344,939 shares, compared to its average volume of 1,180,411. The firm has a fifty day moving average price of $21.58. Blackstone Digital Infrastructure Trust has a 1-year low of $19.60 and a 1-year high of $22.90.

Insider Activity at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, insider Nicholas L. Pell acquired 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the transaction, the insider directly owned 25,000 shares in the company, valued at approximately $500,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony F. Marone, Jr. acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, with a total value of $200,000.00. Following the transaction, the insider owned 10,000 shares in the company, valued at approximately $200,000. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 9,557,295 shares of company stock valued at $191,145,900 in the last ninety days.