Bit Origin Ltd (NASDAQ:BTOG) Sees Large Decrease in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 92,800 shares, a drop of 14.4% from the November 15th total of 108,400 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 87,500 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd purchased a new stake in shares of Bit Origin Ltd (NASDAQ:BTOG) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.16% of Bit Origin at the end of the most recent reporting period. 1.07% of the stock is owned by hedge funds and other institutional investors.

Bit Origin Trading Up 2.7 %

NASDAQ BTOG traded up $0.03 during trading hours on Monday, reaching $1.00. 75,366 shares of the company’s stock traded hands, compared to its average volume of 275,988. Bit Origin has a 52-week low of $0.82 and a 52-week high of $9.71. The firm has a 50-day simple moving average of $1.70 and a 200 day simple moving average of $2.21.

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.