Short Interest in Bit Origin Ltd (NASDAQ:BTOG) Increases By 18.5%

Bit Origin Ltd (NASDAQ:BTOG) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 108,400 shares, a growth of 18.5% from the October 31st total of 91,500 shares. Based on an average daily trading volume, of 81,900 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd purchased a new stake in shares of Bit Origin Ltd (NASDAQ:BTOG) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin at the end of the most recent quarter. 1.07% of the stock is owned by institutional investors and hedge funds.

Bit Origin Stock Up 0.7 %

BTOG stock opened at $1.36 on Tuesday. Bit Origin has a twelve month low of $1.28 and a twelve month high of $9.71. The stock has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $2.37.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.