Bitcoin Group SE (OTCMKTS:BTGGF) Sees Significant Decrease in Short Interest

Bitcoin Group SE (OTCMKTS:BTGGF) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 17,700 shares, a decline of 25.9% from the May 15th total of 23,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 177.0 days.

Bitcoin Group Stock Performance

Bitcoin Group stock traded down $7.35 during mid-day trading on Friday, hitting $63.30. 1,206 shares of the company’s stock were exchanged, compared to its average volume of 293. The company’s 50 day simple moving average is $60.76 and its 200-day simple moving average is $48.06. Bitcoin Group has a fifty-two week low of $19.50 and a fifty-two week high of $72.46.

About Bitcoin Group

Bitcoin Group SE, an investment holding company, engages in the cryptocurrency and blockchain businesses worldwide. The company operates a trading platform for the digital currency bitcoin under the Bitcoin.de. It also provides financial services. The company was founded in 2008 and is based in Herford, Germany.