Short Interest in Bitcoin Group SE (OTCMKTS:BTGGF) Declines By 85.3%

Bitcoin Group SE (OTCMKTS:BTGGF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,600 shares, a drop of 85.3% from the May 31st total of 17,700 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 5.2 days.

Bitcoin Group Price Performance

OTCMKTS BTGGF remained flat at $61.16 on Friday. The firm has a fifty day moving average of $61.60 and a 200-day moving average of $50.33. Bitcoin Group has a 1-year low of $19.50 and a 1-year high of $72.46.

About Bitcoin Group

Bitcoin Group SE, an investment holding company, engages in the cryptocurrency and blockchain businesses worldwide. The company operates a trading platform for the digital currency bitcoin under the Bitcoin.de. It also provides financial services. The company was founded in 2008 and is based in Herford, Germany.