Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 272,800 shares, a drop of 23.8% from the May 31st total of 357,800 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average daily volume of 261,500 shares, the short-interest ratio is presently 1.0 days.

Bit Origin Stock Down 45.9 %

Shares of NASDAQ BTOG traded down $2.44 during midday trading on Friday, hitting $2.88. The company had a trading volume of 3,388,799 shares, compared to its average volume of 318,531. Bit Origin has a twelve month low of $1.33 and a twelve month high of $9.71. The business has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $4.22.

Institutional Trading of Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC acquired a new stake in Bit Origin Ltd (NASDAQ:BTOG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.34% of Bit Origin as of its most recent SEC filing. Institutional investors own 1.07% of the company’s stock.

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.