Bit Origin Ltd (NASDAQ:BTOG) Short Interest Down 29.5% in October

Bit Origin Ltd (NASDAQ:BTOG) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 91,500 shares, a decrease of 29.5% from the October 15th total of 129,800 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is currently 1.7 days. Approximately 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC bought a new stake in Bit Origin Ltd (NASDAQ:BTOG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 SEC filing. Institutional investors own 1.07% of the company’s stock.

Bit Origin Price Performance

Shares of NASDAQ BTOG traded down $0.12 during mid-day trading on Friday, reaching $1.37. The company had a trading volume of 177,303 shares, compared to its average volume of 293,814. The stock has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.59. Bit Origin has a 12-month low of $1.28 and a 12-month high of $9.71.

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.