Bit Origin Limited (NASDAQ:BTOG – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 14,311 shares, a drop of 83.9% from the July 15th total of 88,708 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 657,401 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Bit Origin
An institutional investor recently raised its position in Bit Origin stock. Virtu Financial LLC raised its position in Bit Origin Limited (NASDAQ:BTOG – Free Report) by 476.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 146,491 shares of the company’s stock after purchasing an additional 121,066 shares during the period. Virtu Financial LLC owned 14.95% of Bit Origin worth $25,000 as of its most recent filing with the SEC. 1.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bit Origin in a report on Friday, May 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Bit Origin Trading Down 1.0%
NASDAQ BTOG traded down $0.01 on Wednesday, hitting $0.85. The company’s stock had a trading volume of 15,437 shares, compared to its average volume of 674,755. The company’s 50-day moving average is $1.28 and its 200 day moving average is $2.06. Bit Origin has a 1-year low of $0.62 and a 1-year high of $38.31.
Bit Origin (NASDAQ:BTOG – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($6.67) earnings per share for the quarter.
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.
Further Reading
- Five stocks we like better than Bit Origin
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
- Intel’s Rally Gave It a $20 Billion Opportunity and Now Comes the Hard Part
- Visa’s AI Opportunity Is Hiding in Every Transaction
Receive News & Ratings for Bit Origin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bit Origin and related companies with MarketBeat.com's FREE daily email newsletter.
