BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 79.2% from the October 15th total of 7,200 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 64,100 shares, the short-interest ratio is presently 0.2 days.

BTC Digital Stock Up 77.0 %

BTCT stock traded up $8.09 during midday trading on Wednesday, hitting $18.59. The stock had a trading volume of 40,159,635 shares, compared to its average volume of 807,735. BTC Digital has a 52 week low of $1.32 and a 52 week high of $26.58. The stock has a 50-day simple moving average of $1.60 and a 200 day simple moving average of $1.86.

BTC Digital (NASDAQ:BTCT) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $6.38 million during the quarter. Analysts predict that BTC Digital will post -0.98 earnings per share for the current year.

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.