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

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 79.2% from the October 15th total of 7,200 shares. Based on an average trading volume of 64,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

BTC Digital Stock Up 13.9 %

Shares of NASDAQ:BTCT traded up $2.45 during mid-day trading on Thursday, hitting $20.10. The stock had a trading volume of 19,720,242 shares, compared to its average volume of 917,749. BTC Digital has a 12-month low of $1.32 and a 12-month high of $26.58. The company’s 50 day moving average is $2.11 and its 200-day moving average is $2.03.

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