Bit Origin Ltd (NASDAQ:BTOG) Short Interest Up 18.5% in November

Bit Origin Ltd (NASDAQ:BTOG) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 108,400 shares, a growth of 18.5% from the October 31st total of 91,500 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 81,900 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Bit Origin

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

Bit Origin Stock Performance

Shares of Bit Origin stock traded down $0.03 during trading hours on Friday, reaching $1.35. The company’s stock had a trading volume of 17,254 shares, compared to its average volume of 143,797. The firm has a 50 day moving average price of $1.92 and a 200-day moving average price of $2.39. Bit Origin has a one year low of $1.28 and a one year high of $9.71.

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.