BTC Digital Ltd. (NASDAQ:BTCTW) Short Interest Down 68.4% in April

BTC Digital Ltd. (NASDAQ:BTCTW) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 8,600 shares, a decrease of 68.4% from the March 31st total of 27,200 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is currently 0.3 days.

BTC Digital Trading Down 16.6 %

BTCTW traded down $0.01 during trading on Friday, hitting $0.04. 677 shares of the stock were exchanged, compared to its average volume of 29,553. The firm has a 50 day simple moving average of $0.03 and a 200 day simple moving average of $0.03. BTC Digital has a 1 year low of $0.00 and a 1 year high of $0.10.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.