Short Interest in Bit Brother Limited (NASDAQ:BTB) Rises By 332.9%

Bit Brother Limited (NASDAQ:BTB – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 287,900 shares, a growth of 332.9% from the April 30th total of 66,500 shares. Based on an average daily volume of 837,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Bit Brother stock opened at $0.32 on Thursday. Bit Brother has a 1 year low of $0.28 and a 1 year high of $3.00.

About Bit Brother (Get Rating)

Bit Brother Limited engages in the specialty tea product distribution and retail business in the People's Republic of China and the United States. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, frosting cakes, etc.

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