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

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 541,400 shares, a growth of 991.5% from the February 13th total of 49,600 shares. Based on an average trading volume of 19,640,000 shares, the short-interest ratio is presently 0.0 days. Currently, 6.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd acquired a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.16% of Bit Origin as of its most recent SEC filing. 1.07% of the stock is currently owned by institutional investors.

Bit Origin Trading Down 24.4 %

NASDAQ BTOG opened at $0.37 on Thursday. Bit Origin has a 52 week low of $0.16 and a 52 week high of $6.04. The company has a debt-to-equity ratio of 3.61, a quick ratio of 2.68 and a current ratio of 2.68. The stock’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $1.32.

About Bit Origin

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.