BTC Digital Ltd. (NASDAQ:BTCTW) Sees Large Growth in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 56,700 shares, an increase of 6.6% from the September 30th total of 53,200 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is presently 6.3 days.

BTC Digital Price Performance

Shares of NASDAQ:BTCTW opened at $0.02 on Friday. BTC Digital has a 12-month low of $0.00 and a 12-month high of $0.08. The business has a 50-day moving average price of $0.02 and a 200 day moving average price of $0.03.

BTC Digital Company Profile

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.