BTC Digital Ltd. (NASDAQ:BTCTW) Sees Significant Growth in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 53,200 shares, an increase of 5.6% from the September 15th total of 50,400 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 5.4 days.

BTC Digital Stock Performance

NASDAQ:BTCTW remained flat at $0.02 during mid-day trading on Wednesday. The company had a trading volume of 120 shares, compared to its average volume of 21,729. The company has a fifty day moving average of $0.02 and a 200 day moving average of $0.03. BTC Digital has a 12-month low of $0.00 and a 12-month high of $0.08.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.