Shares of Galaxy Digital Inc (NASDAQ:GLXY) are up 7% at $38.68 at last glance -- hitting their highest levels since 2008 -- after the company launched its new financial technology platform, GalaxyOne. The Robinhood (HOOD) rival offers cash deposit accounts with a 4% annual percentage yield and 8% yield investment note, as well as stockbrokerage and crypto trading.
Galaxy Digital stock has been chopping higher since its early April lows, up 347.1% in just the last six months with recent support at the ascending 20-day moving average. Since the start of 2025, the equity is 124.3% higher.
Short interest has been building despite the recent rally, and now represents 10% of the stock's available float, or two days' worth of pent-up buying power. Meanwhile, the majority of analysts are bullish, with 12 of the 14 in coverage carrying a "buy" or better rating, and two a tepid "hold."
