Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Drops By 27.4%

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 9,000 shares, a decrease of 27.4% from the July 15th total of 12,400 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

BTC Digital Stock Up 2.3 %

BTCT stock traded up $0.04 on Thursday, hitting $1.56. 5,376 shares of the company’s stock traded hands, compared to its average volume of 33,540. The stock has a fifty day moving average of $1.97 and a 200-day moving average of $2.68. BTC Digital has a 1-year low of $1.50 and a 1-year high of $6.06.

BTC Digital (NASDAQ:BTCT) last posted its earnings results on Wednesday, May 15th. The company reported ($0.30) EPS for the quarter. The business had revenue of $2.65 million for the quarter.

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.