Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Grows By 79.2%

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 79.2% from the October 15th total of 7,200 shares. Based on an average daily volume of 64,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s stock are sold short.

BTC Digital Stock Performance

BTCT stock traded down $0.48 during trading hours on Friday, reaching $19.27. The stock had a trading volume of 6,460,020 shares, compared to its average volume of 947,581. The stock has a 50-day simple moving average of $2.48 and a 200 day simple moving average of $2.15. BTC Digital has a fifty-two week low of $1.32 and a fifty-two week high of $26.58.

BTC Digital (NASDAQ:BTCT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $6.38 million for the quarter. As a group, equities analysts predict that BTC Digital will post -0.98 EPS for the current year.

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.