BTCS Inc. (NASDAQ:BTCS) Short Interest Down 28.2% in December

BTCS Inc. (NASDAQ:BTCS) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 303,800 shares, a decline of 28.2% from the December 15th total of 423,400 shares. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is presently 0.1 days. Currently, 3.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price target on BTCS from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th.

Insider Activity at BTCS

In related news, Director Melanie Pump sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.49, for a total transaction of $76,780.00. Following the completion of the transaction, the director now directly owns 38,735 shares in the company, valued at approximately $135,185.15. The trade was a 36.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 44.30% of the stock is owned by company insiders.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new position in BTCS Inc. (NASDAQ:BTCS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned approximately 0.14% of BTCS at the end of the most recent quarter. Institutional investors own 3.48% of the company’s stock.

BTCS Trading Up 12.1 %

Shares of NASDAQ:BTCS traded up $0.30 during midday trading on Wednesday, reaching $2.78. 441,148 shares of the company were exchanged, compared to its average volume of 268,047. The stock has a market cap of $47.33 million, a PE ratio of 6.78 and a beta of 2.23. The business’s fifty day moving average is $3.08 and its two-hundred day moving average is $1.91. BTCS has a one year low of $0.95 and a one year high of $5.41.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.