BTC Digital Ltd. (NASDAQ:BTCT) Sees Significant Drop in Short Interest

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 133,700 shares, a decrease of 59.0% from the November 30th total of 326,100 shares. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.2% of the shares of the company are short sold.

BTC Digital Stock Down 4.5 %

Shares of BTCT stock traded down $0.23 on Friday, hitting $4.88. 275,716 shares of the stock were exchanged, compared to its average volume of 1,009,929. The firm’s 50 day moving average is $8.36 and its two-hundred day moving average is $4.06. BTC Digital has a one year low of $1.32 and a one year high of $26.58.

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.