Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Grows By 8,582.2%

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, an increase of 8,582.2% from the October 31st total of 12,900 shares. Approximately 45.0% of the shares of the stock are short sold. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 0.3 days.

BTC Digital Stock Up 3.4 %

Shares of BTC Digital stock opened at $15.85 on Thursday. The company has a 50 day moving average of $5.18 and a 200-day moving average of $3.04. BTC Digital has a 1-year low of $1.32 and a 1-year high of $26.58.

About BTC Digital

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.