BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) saw a large growth in short interest in 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. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is currently 0.2 days.

BTC Digital Trading Up 77.0 %

Shares of BTCT stock traded up $8.09 on Wednesday, reaching $18.59. 40,159,635 shares of the stock were exchanged, compared to its average volume of 807,735. BTC Digital has a 1-year low of $1.32 and a 1-year high of $26.58. The firm has a 50 day moving average of $1.60 and a two-hundred day moving average of $1.86.

BTC Digital (NASDAQ:BTCT) last posted 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 for the quarter. On average, equities research analysts expect that BTC Digital will post -0.98 EPS for the current year.

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.