BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Up 387.2% in January

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 667,000 shares, an increase of 387.2% from the January 15th total of 136,900 shares. Based on an average trading volume of 5,520,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 15.2% of the shares of the stock are short sold.

BTC Digital Trading Up 0.2 %

BTCT traded up $0.01 during trading hours on Wednesday, hitting $5.18. The company’s stock had a trading volume of 206,093 shares, compared to its average volume of 4,010,548. BTC Digital has a 12 month low of $1.32 and a 12 month high of $26.58. The business’s 50-day moving average price is $6.28 and its 200-day moving average price is $4.88.

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.