BTC Digital Ltd. (NASDAQ:BTCTW) Sees Significant Decline in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 17,800 shares, a decrease of 69.0% from the October 31st total of 57,400 shares. Based on an average daily trading volume, of 101,100 shares, the short-interest ratio is presently 0.2 days.

BTC Digital Stock Down 16.6 %

NASDAQ BTCTW traded down $0.01 on Friday, reaching $0.07. The company had a trading volume of 59,468 shares, compared to its average volume of 52,455. BTC Digital has a 1 year low of $0.00 and a 1 year high of $0.18. The firm has a 50-day moving average of $0.04 and a 200-day moving average of $0.03.

BTC Digital Company Profile

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.