Short Interest in Abits Group Inc. (NASDAQ:ABTS) Expands By 16.7%

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 336,400 shares, a growth of 16.7% from the December 31st total of 288,300 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 253,900 shares, the short-interest ratio is currently 1.3 days.

Abits Group Stock Performance

NASDAQ:ABTS opened at $0.51 on Friday. Abits Group has a one year low of $0.38 and a one year high of $1.09. The business has a fifty day moving average price of $0.54 and a 200-day moving average price of $0.52.

About Abits Group

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.