BTCS Inc. (NASDAQ:BTCS) Short Interest Down 26.9% in April

BTCS Inc. (NASDAQ:BTCS) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 101,300 shares, a decrease of 26.9% from the March 31st total of 138,500 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 189,100 shares, the days-to-cover ratio is presently 0.5 days.

BTCS Stock Down 4.6 %

BTCS traded down $0.07 during mid-day trading on Monday, reaching $1.46. 113,304 shares of the company traded hands, compared to its average volume of 224,495. The company’s fifty day moving average price is $1.54 and its 200-day moving average price is $1.45. The stock has a market capitalization of $22.91 million, a P/E ratio of 2.73 and a beta of 1.58. BTCS has a 52-week low of $0.85 and a 52-week high of $2.50.

BTCS (NASDAQ:BTCS) last posted its quarterly earnings data on Friday, March 22nd. The company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $0.33 million during the quarter. BTCS had a negative return on equity of 38.81% and a net margin of 583.51%. As a group, sell-side analysts forecast that BTCS will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at BTCS

In related news, COO Michal Handerhan sold 28,165 shares of BTCS stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $1.51, for a total transaction of $42,529.15. Following the completion of the transaction, the chief operating officer now directly owns 1,683,331 shares of the company’s stock, valued at approximately $2,541,829.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $1.56, for a total value of $78,000.00. Following the completion of the transaction, the chief executive officer now owns 4,264,220 shares of the company’s stock, valued at approximately $6,652,183.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michal Handerhan sold 28,165 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $1.51, for a total transaction of $42,529.15. Following the sale, the chief operating officer now directly owns 1,683,331 shares in the company, valued at $2,541,829.81. The disclosure for this sale can be found here. Insiders have sold 123,703 shares of company stock valued at $191,568 in the last three months. 40.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BTCS in a research note on Monday, March 25th.

About BTCS

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.