Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Sees Significant Increase in Short Interest

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 4,124,524 shares, a growth of 86.3% from the August 31st total of 2,213,988 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average trading volume of 1,114,167 shares, the short-interest ratio is currently 3.7 days.

Hedge Funds Weigh In On Blackstone Digital Infrastructure Trust

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in Blackstone Digital Infrastructure Trust in the second quarter valued at about $83,382,000. State Street Corp purchased a new stake in shares of Blackstone Digital Infrastructure Trust during the second quarter worth about $9,303,000. Fund 1 Investments LLC acquired a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at about $2,731,000. Squarepoint Ops LLC purchased a new position in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at approximately $1,426,000. Finally, Readystate Asset Management LP acquired a new stake in Blackstone Digital Infrastructure Trust in the 2nd quarter worth approximately $1,127,000.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE BXDC traded down $0.49 during trading hours on Tuesday, hitting $17.64. 4,426,348 shares of the company traded hands, compared to its average volume of 1,370,317. The firm’s 50 day moving average is $20.15. Blackstone Digital Infrastructure Trust has a 12 month low of $17.52 and a 12 month high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. As a group, equities analysts predict that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Wednesday, June 10th. They issued an “equal weight” rating and a $23.00 target price for the company. Zacks Research upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings cut shares of Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Royal Bank Of Canada assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Barclays initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “overweight” rating and a $24.00 price target for the company. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.71.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust, Inc is a digital infrastructure investment company sponsored by Blackstone. The trust focuses on owning and investing in essential infrastructure that supports the digital economy, including data centers and related facilities used by cloud-computing, telecommunications and technology businesses.

Its investments are intended to provide the physical capacity and connectivity required for data storage, processing and network services. The trust’s portfolio may include operating digital infrastructure assets as well as investments in companies that develop, own or manage those assets.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader global digital infrastructure platform.