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

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 17,800 shares, a decline of 69.0% from the October 31st total of 57,400 shares. Based on an average daily trading volume, of 101,100 shares, the short-interest ratio is presently 0.2 days.

BTC Digital Stock Performance

Shares of NASDAQ BTCTW traded up $0.01 during midday trading on Thursday, reaching $0.08. 135,315 shares of the stock were exchanged, compared to its average volume of 52,418. The stock has a 50 day moving average price of $0.03 and a 200-day moving average price of $0.03. BTC Digital has a 52-week low of $0.00 and a 52-week high of $0.18.

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.