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

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 9,200 shares, an increase of 31.4% from the May 31st total of 7,000 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.6 days.

BTC Digital Stock Up 4.2 %

BTCT traded up $0.09 during midday trading on Monday, hitting $2.23. 18,788 shares of the company were exchanged, compared to its average volume of 36,143. The firm’s 50 day moving average price is $2.23 and its 200-day moving average price is $3.27. BTC Digital has a 1-year low of $1.75 and a 1-year high of $6.06.

BTC Digital (NASDAQ:BTCT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $2.65 million for the quarter.

BTC Digital Company Profile

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.