Short Interest in BIT Mining Limited (NYSE:BTCM) Grows By 147.6%

BIT Mining Limited (NYSE:BTCM) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 346,200 shares, a growth of 147.6% from the October 31st total of 139,800 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 174,700 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of BIT Mining

An institutional investor recently bought a new position in BIT Mining stock. XTX Topco Ltd bought a new position in BIT Mining Limited (NYSE:BTCM) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned 0.20% of BIT Mining at the end of the most recent quarter. 5.34% of the stock is currently owned by institutional investors.

BIT Mining Trading Up 1.8 %

Shares of BIT Mining stock traded up $0.05 during trading on Thursday, hitting $2.86. 153,701 shares of the company’s stock traded hands, compared to its average volume of 459,501. BIT Mining has a 1 year low of $1.79 and a 1 year high of $6.95. The business has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $2.61.

About BIT Mining

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.