BTCS Inc. (NASDAQ:BTCS) Short Interest Update

BTCS Inc. (NASDAQ:BTCS) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 67,600 shares, a drop of 9.7% from the June 30th total of 74,900 shares. Based on an average daily volume of 99,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of BTCS in a report on Thursday, May 16th.

BTCS Trading Down 6.7 %

BTCS stock traded down $0.11 during trading on Tuesday, hitting $1.53. 133,257 shares of the stock traded hands, compared to its average volume of 172,731. BTCS has a one year low of $0.85 and a one year high of $2.50. The stock has a market cap of $24.02 million, a price-to-earnings ratio of 1.19 and a beta of 1.59. The company has a 50 day simple moving average of $1.52 and a 200 day simple moving average of $1.55.

BTCS (NASDAQ:BTCS) last announced its earnings results on Tuesday, May 14th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). BTCS had a net margin of 1,519.73% and a negative return on equity of 20.75%. The company had revenue of $0.39 million during the quarter, compared to the consensus estimate of $0.40 million. As a group, analysts predict that BTCS will post -0.19 earnings per share for the current fiscal year.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.