Short Interest in Abits Group Inc. (NASDAQ:ABTS) Declines By 12.8%

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 307,200 shares, a decrease of 12.8% from the November 15th total of 352,100 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 121,200 shares, the short-interest ratio is currently 2.5 days.

Abits Group Stock Performance

Shares of NASDAQ ABTS opened at $0.49 on Monday. The business has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.53. Abits Group has a one year low of $0.38 and a one year high of $1.60.

Abits Group Company Profile

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.