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

Bit Origin Ltd (NASDAQ:BTOG) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 393,300 shares, an increase of 44.2% from the June 15th total of 272,800 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 387,500 shares, the short-interest ratio is presently 1.0 days.

Bit Origin Trading Down 1.0 %

BTOG stock traded down $0.02 during trading on Monday, hitting $2.00. The stock had a trading volume of 327,040 shares, compared to its average volume of 434,152. Bit Origin has a twelve month low of $1.33 and a twelve month high of $9.71. The company’s 50-day moving average price is $3.66 and its two-hundred day moving average price is $4.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC bought a new position in Bit Origin Ltd (NASDAQ:BTOG) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.34% of Bit Origin at the end of the most recent reporting period. 1.07% of the stock is owned by institutional investors.

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.