Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Grows By 8,582.2%

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 3,510,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 45.0% of the company’s shares are short sold.

BTC Digital Stock Performance

Shares of BTC Digital stock opened at $15.85 on Thursday. BTC Digital has a one year low of $1.32 and a one year high of $26.58. The stock’s 50-day moving average is $5.18 and its 200-day moving average is $3.04.

About BTC Digital

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.