BTC Digital Ltd. (NASDAQ:BTCTW) Sees Large Increase in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 37,200 shares, a growth of 96.8% from the May 31st total of 18,900 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 2.8 days.

BTC Digital Price Performance

NASDAQ BTCTW remained flat at $0.03 on Friday. The stock’s fifty day moving average is $0.03 and its 200 day moving average is $0.04. BTC Digital has a twelve month low of $0.00 and a twelve month high of $0.10.

BTC Digital Company Profile

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.