Bit Origin Ltd (NASDAQ:BTOG) Sees Significant Decline in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 124,800 shares, a drop of 12.6% from the September 15th total of 142,800 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 77,700 shares, the short-interest ratio is currently 1.6 days.

Bit Origin Stock Performance

NASDAQ BTOG traded down $0.02 on Wednesday, reaching $2.13. The company had a trading volume of 40,382 shares, compared to its average volume of 313,280. The firm’s 50 day moving average price is $2.03 and its 200 day moving average price is $2.80. Bit Origin has a 12 month low of $1.33 and a 12 month high of $9.71.

Institutional Investors Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC bought a new stake in shares of Bit Origin Ltd (NASDAQ:BTOG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.34% of Bit Origin as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.07% of the company’s stock.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.