BTC Digital Ltd. (NASDAQ:BTCT) Sees Large Growth in Short Interest

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,200 shares, a growth of 31.4% from the May 31st total of 7,000 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

BTC Digital Stock Performance

Shares of NASDAQ:BTCT traded down $0.05 during mid-day trading on Friday, reaching $2.14. The stock had a trading volume of 7,850 shares, compared to its average volume of 16,126. The firm has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $3.27. BTC Digital has a twelve month low of $1.75 and a twelve month high of $6.06.

BTC Digital (NASDAQ:BTCT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $2.65 million for the quarter.

BTC Digital Company Profile

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved 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, China.