BTC Digital Ltd. (NASDAQ:BTCT) Sees Large Drop in Short Interest

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,900 shares, a decline of 87.7% from the March 31st total of 23,500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 34,600 shares, the short-interest ratio is presently 0.1 days.

BTC Digital Stock Performance

Shares of BTCT remained flat at $2.62 during midday trading on Friday. The stock had a trading volume of 6,512 shares, compared to its average volume of 47,014. The firm has a fifty day simple moving average of $3.31 and a 200-day simple moving average of $3.67. BTC Digital has a twelve month low of $1.75 and a twelve month high of $6.06.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.