Bit Brother Limited (NASDAQ:BTB) Sees Large Increase in Short Interest

Bit Brother Limited (NASDAQ:BTB – Get Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 154,700 shares, an increase of 7.1% from the December 15th total of 144,500 shares. Based on an average daily volume of 150,700 shares, the short-interest ratio is currently 1.0 days. Approximately 2.0% of the shares of the company are short sold.

Bit Brother Stock Performance

Shares of BTB opened at $2.88 on Wednesday. Bit Brother has a 12 month low of $1.62 and a 12 month high of $12.00. The stock has a fifty day moving average price of $5.07 and a 200 day moving average price of $1.92.

Bit Brother Company Profile

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Bit Brother Ltd. Is a holding company, which engages in the supply and distribution of tea beverages and related products. The company was founded on November 28, 2011 and is headquartered in Changsha, China.