BTCS Inc. (NASDAQ:BTCS) Short Interest Down 44.5% in September

BTCS Inc. (NASDAQ:BTCSGet Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 45,100 shares, a decline of 44.5% from the September 15th total of 81,300 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

BTCS Price Performance

Shares of NASDAQ BTCS traded up $0.05 on Friday, hitting $1.19. The company’s stock had a trading volume of 49,176 shares, compared to its average volume of 65,652. The stock has a 50 day moving average of $1.18 and a 200-day moving average of $1.41. The company has a market capitalization of $18.69 million, a price-to-earnings ratio of 0.92 and a beta of 1.52. BTCS has a 12-month low of $0.89 and a 12-month high of $2.50.

BTCS (NASDAQ:BTCSGet Free Report) last posted its earnings results on Monday, August 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.40 million. BTCS had a negative return on equity of 13.94% and a net margin of 993.08%. Sell-side analysts expect that BTCS will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BTCS stock. Heron Bay Capital Management acquired a new stake in BTCS Inc. (NASDAQ:BTCSFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned about 0.28% of BTCS at the end of the most recent reporting period. 3.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BTCS in a research report on Thursday, August 22nd.

Read Our Latest Report on BTCS

BTCS Company Profile

(Get Free Report)

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.

See Also

Receive News & Ratings for BTCS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BTCS and related companies with MarketBeat.com's FREE daily email newsletter.