BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 12,900 shares, an increase of 79.2% from the October 15th total of 7,200 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 64,100 shares, the short-interest ratio is presently 0.2 days.

BTC Digital Price Performance

BTCT stock traded down $0.48 during midday trading on Friday, reaching $19.27. The company’s stock had a trading volume of 6,460,020 shares, compared to its average volume of 947,581. The business’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $2.15. BTC Digital has a 52 week low of $1.32 and a 52 week high of $26.58.

BTC Digital (NASDAQ:BTCT) last posted its earnings results on Wednesday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $6.38 million during the quarter. As a group, analysts forecast that BTC Digital will post -0.98 EPS for the current year.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.