CoinShares (NASDAQ:CSHR) Short Interest Update

CoinShares (NASDAQ:CSHR) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 831,802 shares, a growth of 106.0% from the April 30th total of 403,830 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 405,086 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSHR shares. Wall Street Zen upgraded CoinShares from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods started coverage on CoinShares in a research report on Wednesday, May 13th. They set an “outperform” rating and a $9.00 price target for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $9.00.

CoinShares Stock Performance

CSHR stock traded down $0.24 during trading on Tuesday, reaching $4.37. 339,996 shares of the company’s stock were exchanged, compared to its average volume of 597,774. CoinShares has a 1-year low of $4.37 and a 1-year high of $10.43. The firm has a market capitalization of $575.88 million, a PE ratio of 24.28 and a beta of -1.68.

About CoinShares

CoinShares is a digital asset investment company that provides a range of financial products and services focused on cryptocurrency and blockchain-related markets. The company offers exchange-traded products and other investment vehicles designed to give institutional and retail investors exposure to digital assets without needing to directly hold the underlying cryptocurrencies.

Founded in the digital asset space, CoinShares has built its business around investment management, asset servicing, and research related to the crypto ecosystem.