BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 7,200 shares, a growth of 9.1% from the September 30th total of 6,600 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 24,900 shares, the short-interest ratio is currently 0.3 days.

BTC Digital Price Performance

Shares of BTCT stock traded down $0.11 during mid-day trading on Thursday, hitting $1.62. 37,711 shares of the company’s stock were exchanged, compared to its average volume of 33,876. The stock has a 50-day simple moving average of $1.56 and a two-hundred day simple moving average of $1.92. BTC Digital has a fifty-two week low of $1.32 and a fifty-two week high of $6.06.

BTC Digital (NASDAQ:BTCT) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $6.38 million for the quarter. Equities research analysts expect that BTC Digital will post -0.98 EPS for the current year.

BTC Digital Company Profile

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.