Bgin Blockchain Limited (NASDAQ:BGIN) Stock Short Interest Climbs 2,464.5%

Bgin Blockchain Limited (NASDAQ:BGIN – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 241,932 shares, an increase of 2,464.5% from the September 15th total of 9,434 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,174,915 shares, the days-to-cover ratio is currently 0.2 days.

Bgin Blockchain Trading Down 4.1%

NASDAQ BGIN opened at $2.10 on Friday. The firm’s 50 day moving average price is $1.99 and its 200-day moving average price is $2.45. Bgin Blockchain has a 52-week low of $1.61 and a 52-week high of $6.50.

Bgin Blockchain (NASDAQ:BGIN – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $3.69 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Bgin Blockchain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Bgin Blockchain presently has an average rating of “Sell”.

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