BIT Mining Limited (NYSE:BTCM – Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 350,300 shares, a drop of 6.0% from the July 31st total of 372,500 shares. Based on an average daily volume of 164,400 shares, the short-interest ratio is currently 2.1 days. Approximately 3.3% of the shares of the stock are short sold.
BIT Mining Stock Performance
Shares of NYSE:BTCM opened at $2.79 on Friday. BIT Mining has a one year low of $1.40 and a one year high of $5.49. The stock has a market cap of $29.68 million, a PE ratio of -0.19 and a beta of 2.85. The business’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $2.91.
BIT Mining (NYSE:BTCM – Get Free Report) last released its earnings results on Tuesday, May 30th. The company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $72.87 million during the quarter. BIT Mining had a negative net margin of 49.66% and a negative return on equity of 61.29%. As a group, equities research analysts predict that BIT Mining will post -1.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BIT Mining
About BIT Mining
BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines.
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