Bit Origin Limited (NASDAQ:BTOG) Short Interest Up 133.2% in June

Bit Origin Limited (NASDAQ:BTOGGet Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 87,950 shares, an increase of 133.2% from the May 31st total of 37,715 shares. Based on an average trading volume of 256,766 shares, the short-interest ratio is presently 0.3 days. Approximately 9.0% of the shares of the company are short sold.

Bit Origin Stock Up 5.2%

Shares of Bit Origin stock traded up $0.07 during trading on Wednesday, hitting $1.31. 12,328,471 shares of the stock were exchanged, compared to its average volume of 713,690. Bit Origin has a 12 month low of $1.13 and a 12 month high of $60.60. The stock’s fifty day moving average is $1.84 and its 200 day moving average is $4.14.

Bit Origin (NASDAQ:BTOGGet Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($6.66) earnings per share for the quarter.

Hedge Funds Weigh In On Bit Origin

An institutional investor recently raised its position in Bit Origin stock. XTX Topco Ltd raised its holdings in shares of Bit Origin Limited (NASDAQ:BTOGFree Report) by 240.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,720 shares of the company’s stock after acquiring an additional 119,136 shares during the period. XTX Topco Ltd owned approximately 17.22% of Bit Origin worth $29,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on BTOG

Bit Origin Company Profile

(Get Free Report)

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.

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