Bit Origin Limited (NASDAQ:BTOG) Short Interest Update

Bit Origin Limited (NASDAQ:BTOG) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 88,708 shares, a decrease of 76.8% from the June 30th total of 381,817 shares. Based on an average trading volume of 1,744,216 shares, the days-to-cover ratio is presently 0.1 days. Currently, 9.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bit Origin stock. Virtu Financial LLC increased its stake in shares of Bit Origin Limited (NASDAQ:BTOG) by 476.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,491 shares of the company’s stock after purchasing an additional 121,066 shares during the period. Virtu Financial LLC owned approximately 14.95% of Bit Origin worth $25,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.07% of the company’s stock.

Bit Origin Price Performance

BTOG opened at $0.83 on Friday. The firm has a 50 day simple moving average of $1.50 and a 200 day simple moving average of $2.81. Bit Origin has a fifty-two week low of $0.79 and a fifty-two week high of $38.31.

Bit Origin (NASDAQ:BTOG) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($6.67) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.