BIT Mining Limited (NYSE:BTCM) Short Interest Up 147.6% in November

BIT Mining Limited (NYSE:BTCM) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 346,200 shares, an increase of 147.6% from the October 31st total of 139,800 shares. Based on an average trading volume of 174,700 shares, the short-interest ratio is presently 2.0 days. Currently, 3.2% of the shares of the company are short sold.

BIT Mining Trading Up 1.8 %

Shares of NYSE:BTCM traded up $0.05 during midday trading on Thursday, hitting $2.86. The company had a trading volume of 153,701 shares, compared to its average volume of 459,501. The company has a fifty day moving average of $2.60 and a two-hundred day moving average of $2.61. BIT Mining has a 12-month low of $1.79 and a 12-month high of $6.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BIT Mining stock. XTX Topco Ltd bought a new position in shares of BIT Mining Limited (NYSE:BTCM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned 0.20% of BIT Mining at the end of the most recent quarter. Institutional investors own 5.34% of the company’s stock.

About BIT Mining

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.