Short Interest in Abits Group Inc. (NASDAQ:ABTS) Decreases By 5.7%

Abits Group Inc. (NASDAQ:ABTS) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 268,400 shares, a decrease of 5.7% from the March 31st total of 284,600 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 242,000 shares, the days-to-cover ratio is presently 1.1 days.

Abits Group Price Performance

ABTS stock opened at $0.77 on Wednesday. The business has a 50-day moving average of $0.80. Abits Group has a fifty-two week low of $0.57 and a fifty-two week high of $1.80.

About Abits Group

Abits Group Inc, a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.