Bit Origin Ltd (NASDAQ:BTOG) Short Interest Down 9.7% in January

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 39,000 shares, a decline of 9.7% from the January 15th total of 43,200 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 121,800 shares, the days-to-cover ratio is currently 0.3 days.

Bit Origin Stock Performance

Shares of Bit Origin stock opened at $0.45 on Tuesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 3.61. The stock has a 50 day moving average price of $0.75 and a two-hundred day moving average price of $1.48. Bit Origin has a 12-month low of $0.40 and a 12-month high of $6.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd acquired a new position in Bit Origin Ltd (NASDAQ:BTOG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin at the end of the most recent quarter. Institutional investors and hedge funds own 1.07% of the company’s stock.

Bit Origin Company Profile

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.