Short Interest in Abits Group Inc. (NASDAQ:ABTS) Increases By 48.8%

Abits Group Inc. (NASDAQ:ABTS) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 42,700 shares, a growth of 48.8% from the March 31st total of 28,700 shares. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is currently 2.2 days. Currently, 2.2% of the shares of the stock are short sold.

Abits Group Stock Performance

Shares of NASDAQ ABTS opened at $2.78 on Wednesday. Abits Group has a 12-month low of $1.35 and a 12-month high of $14.10. The firm’s 50-day moving average price is $3.36 and its 200-day moving average price is $6.31.

Abits Group Company Profile

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.