Abits Group Inc. (NASDAQ:ABTS) Short Interest Update

Abits Group Inc. (NASDAQ:ABTS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 336,400 shares, a growth of 16.7% from the December 15th total of 288,300 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 253,900 shares, the days-to-cover ratio is currently 1.3 days.

Abits Group Stock Performance

Shares of Abits Group stock opened at $0.56 on Friday. The business has a 50-day moving average of $0.56 and a 200 day moving average of $0.52. Abits Group has a 12 month low of $0.38 and a 12 month high of $1.13.

About Abits Group

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.