BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 12,900 shares, an increase of 79.2% from the October 15th total of 7,200 shares. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the shares of the company are sold short.

BTC Digital Trading Up 13.9 %

BTC Digital stock traded up $2.45 during trading hours on Thursday, hitting $20.10. The stock had a trading volume of 19,720,242 shares, compared to its average volume of 917,749. BTC Digital has a fifty-two week low of $1.32 and a fifty-two week high of $26.58. The company has a 50-day moving average of $2.11 and a two-hundred day moving average of $2.03.

BTC Digital (NASDAQ:BTCT) last posted its earnings results on Wednesday, August 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $6.38 million for the quarter. As a group, equities analysts forecast that BTC Digital will post -0.98 EPS for the current year.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved 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, China.