Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 287,400 shares, a decrease of 49.2% from the March 15th total of 565,600 shares. Based on an average trading volume of 30,410,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.0% of the company’s stock are sold short.

Bit Origin Stock Performance

BTOG opened at $0.13 on Friday. The company has a 50-day moving average of $0.29 and a 200-day moving average of $0.97. The company has a debt-to-equity ratio of 3.61, a current ratio of 2.68 and a quick ratio of 2.68. Bit Origin has a 1-year low of $0.12 and a 1-year high of $5.73.

Institutional Trading of Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd purchased a new stake in Bit Origin Ltd (NASDAQ:BTOG) in the third quarter, according to its most recent filing with the SEC. The fund purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin at the end of the most recent quarter. Institutional investors and hedge funds 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.