Short Interest in Bit Origin Ltd (NASDAQ:BTOG) Expands By 27.2%

Bit Origin Ltd (NASDAQ:BTOG) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 49,600 shares, an increase of 27.2% from the January 31st total of 39,000 shares. Based on an average daily trading volume, of 883,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the company’s shares are short sold.

Bit Origin Price Performance

Shares of NASDAQ:BTOG traded down $0.03 during mid-day trading on Thursday, hitting $0.30. The company had a trading volume of 8,124,975 shares, compared to its average volume of 2,258,116. The company has a debt-to-equity ratio of 3.61, a quick ratio of 2.68 and a current ratio of 2.68. Bit Origin has a one year low of $0.16 and a one year high of $6.04. The firm has a fifty day moving average price of $0.60 and a 200 day moving average price of $1.37.

Institutional Investors Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd acquired a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.16% of Bit Origin at the end of the most recent reporting period. Institutional investors own 1.07% of the company’s stock.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.