BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 8,582.2% from the October 31st total of 12,900 shares. Approximately 45.0% of the company’s stock are short sold. Based on an average daily volume of 3,510,000 shares, the short-interest ratio is currently 0.3 days.

BTC Digital Price Performance

Shares of BTCT traded up $0.02 during mid-day trading on Wednesday, reaching $15.34. The company’s stock had a trading volume of 569,267 shares, compared to its average volume of 11,318,334. The business has a fifty day moving average of $4.89 and a 200 day moving average of $2.95. BTC Digital has a 1 year low of $1.32 and a 1 year high of $26.58.

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.