BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Up 95.0% in March

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 566,000 shares, a growth of 95.0% from the February 28th total of 290,300 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 12.9% of the shares of the stock are short sold.

Institutional Trading of BTC Digital

A number of hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP acquired a new position in shares of BTC Digital during the 4th quarter worth approximately $59,000. Invesco Ltd. purchased a new position in BTC Digital during the fourth quarter worth approximately $113,000. Finally, Renaissance Technologies LLC purchased a new position in BTC Digital during the fourth quarter worth approximately $975,000. Institutional investors and hedge funds own 7.32% of the company’s stock.

BTC Digital Price Performance

NASDAQ:BTCT opened at $3.98 on Friday. BTC Digital has a twelve month low of $1.32 and a twelve month high of $26.58. The company’s 50-day moving average price is $5.13 and its 200-day moving average price is $5.53.

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.