<div id="readability-page-1"><p>Applied Digital Co. (NASDAQ:APLD - Get Free Report) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 39,290,000 shares,  a growth of 45.4% from the October 31st total of 27,020,000 shares. Based on an average daily trading volume, of 16,990,000 shares, the short-interest ratio is presently 2.3 days. Approximately 24.0% of the shares of the stock are sold short.</p><div><p><span></span><span>Get <strong>Applied Digital</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>Volatility in Applied Digital May Create an Entry Opportunity</li></ul><p>A number of equities research analysts have recently issued reports on APLD shares. Lake Street Capital boosted their target price on Applied Digital from $7.00 to $11.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, October 10th. HC Wainwright upped their price objective on shares of Applied Digital from $5.00 to $10.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, October 16th. Needham &amp; Company LLC  reissued a &#34;buy&#34; rating and issued a $11.00 target price on shares of Applied Digital in a research report on Friday, November 1st. B. Riley upped their price target on shares of Applied Digital from $8.00 to $9.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, September 13th. Finally, Craig Hallum lifted their price objective on shares of Applied Digital from $10.00 to $12.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, October 10th. Six analysts have rated the stock with a buy rating,  Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Buy&#34; and an average target price of $10.50.</p><p><b>View Our Latest Research Report on Applied Digital</b></p><h2>Insider Transactions at Applied Digital</h2><ul><li>MarketBeat Week in Review – 9/9 - 9/13</li></ul><p>In other news, CEO Wes Cummins sold 200,000 shares of Applied Digital stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total value of $1,840,000.00. Following the transaction, the chief executive officer now owns 3,875,955 shares of the company's stock, valued at $35,658,786. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Nottenburg sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total transaction of $460,000.00. Following the sale, the director now directly owns 334,317 shares of the company's stock, valued at approximately $3,075,716.40. This represents a 13.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 369,369 shares of company stock valued at $3,170,161. Corporate insiders own  11.81% of the company's stock. </p><h2>Hedge Funds Weigh In On Applied Digital</h2><p>Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in  Applied Digital by 70.2% in the first quarter. Vanguard Group Inc. now owns 6,176,073 shares of the company's stock worth $26,434,000 after acquiring an additional 2,547,485 shares in the last quarter.  Geode Capital Management LLC boosted its holdings in  Applied Digital by 48.7% in the third quarter. Geode Capital Management LLC now owns 3,061,160 shares of the company's stock worth $25,258,000 after purchasing an additional 1,002,862 shares in the last quarter.  Hood River Capital Management LLC increased its position in  Applied Digital by 8.7% during the second quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company's stock worth $57,098,000 after buying an additional 771,699 shares during the last quarter.  Alight Capital Management LP bought a new position in  Applied Digital during the second quarter valued at about $3,570,000.  Finally, Van ECK Associates Corp raised its holdings in  Applied Digital by 18.3% during the second quarter. Van ECK Associates Corp now owns 2,869,980 shares of the company's stock valued at $17,077,000 after buying an additional 443,699 shares in the last quarter. Institutional investors and hedge funds own  65.67% of the company's stock. </p><h2>Applied Digital Stock Up 4.6 %</h2><ul><li>Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?</li></ul><p>APLD stock traded up $0.44 during midday trading on Friday, reaching $10.10. The company had a trading volume of 11,660,339 shares, compared to its average volume of 7,954,302. The company has a 50 day moving average of $7.89 and a two-hundred day moving average of $5.95. The company has a market capitalization of $2.18 billion, a P/E ratio of -8.88 and a beta of 4.65. Applied Digital has a 1 year low of $2.36 and a 1 year high of $10.94. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. </p><p>Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.13. Applied Digital had a negative return on equity of 88.87% and a negative net margin of 74.95%. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $54.85 million. During the same period last year, the company earned ($0.10) earnings per share. Applied Digital's quarterly revenue was up 67.2% compared to the same quarter last year.  On average, equities research analysts expect that  Applied Digital will post -0.4 earnings per share for the current fiscal year. </p><h2>About Applied Digital</h2> (Get Free Report)<p>Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Applied Digital</li><li>How Can Investors Benefit From After-Hours Trading</li><li>The Latest 13F Filings Are In: See Where Big Money Is Flowing</li><li>Pros And Cons Of Monthly Dividend Stocks</li><li>3 Penny Stocks Ready to Break Out in 2025</li><li>Learn Technical Analysis Skills to Master the Stock Market</li><li>FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ A “Thank You Gift” From Pres. Trump - Genius <span><span>(From Colonial Metals)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDM4Mw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDM4Mw"/></p><h2>Should you invest $1,000 in Applied Digital right now?</h2><p>Before you consider Applied Digital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Digital wasn't on the list.</p><p>While Applied Digital currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

APLD

<p>Applied Digital Co. (NASDAQ:APLD) experienced a significant increase in short interest in November, rising 45.4% to 39,290,000 shares. The days-to-cover ratio is 2.3 days, with 24.0% of shares sold short. Analysts maintain a "buy" rating, with several raising their target prices. Insider selling occurred, with CEO Wes Cummins and Director Richard N. Nottenburg reducing their stakes. Hedge funds have also increased their holdings, with institutional investors owning 65.67% of the stock. APLD stock rose 4.6% during midday trading.</p>

Applied Digital Co. (NASDAQ:APLD) Short Interest Update