BTCS Inc. (NASDAQ:BTCS) Short Interest Up 2,540.4% in November

BTCS Inc. (NASDAQ:BTCS) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,740,000 shares, a growth of 2,540.4% from the October 31st total of 65,900 shares. Based on an average trading volume of 2,830,000 shares, the short-interest ratio is presently 0.6 days. Approximately 18.0% of the shares of the stock are short sold.

Insider Buying and Selling

In other BTCS news, Director Melanie Pump sold 22,000 shares of BTCS stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.49, for a total transaction of $76,780.00. Following the completion of the sale, the director now owns 38,735 shares of the company’s stock, valued at $135,185.15. The trade was a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 44.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC acquired a new stake in BTCS Inc. (NASDAQ:BTCS) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned about 0.14% of BTCS as of its most recent filing with the Securities & Exchange Commission. 3.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of BTCS in a research report on Thursday, August 22nd.

BTCS Stock Up 11.5 %

BTCS stock opened at $3.77 on Friday. The firm has a fifty day simple moving average of $1.90 and a two-hundred day simple moving average of $1.58. BTCS has a twelve month low of $0.95 and a twelve month high of $5.41. The company has a market capitalization of $64.17 million, a PE ratio of 9.20 and a beta of 1.55.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.