Bit Origin Limited (NASDAQ:BTOG – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 36,537 shares, a growth of 155.3% from the July 30th total of 14,311 shares. Currently, 18.7% of the shares of the company are sold short. Based on an average daily trading volume, of 94,531 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of Bit Origin
An institutional investor recently raised its stake in Bit Origin stock. Virtu Financial LLC lifted its position in Bit Origin Limited (NASDAQ:BTOG – Free Report) by 476.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,491 shares of the company’s stock after purchasing an additional 121,066 shares during the quarter. Virtu Financial LLC owned 14.95% of Bit Origin worth $25,000 at the end of the most recent reporting period. 1.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Bit Origin Stock Performance
NASDAQ:BTOG opened at $3.55 on Friday. The firm’s 50-day moving average is $5.08 and its 200-day moving average is $9.10. Bit Origin has a 52-week low of $3.02 and a 52-week high of $166.71.
Bit Origin (NASDAQ:BTOG – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported ($33.33) earnings per share for the quarter.
About Bit Origin
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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