BTC Digital Ltd. (NASDAQ:BTCTW) Short Interest Up 132.4% in March

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 17,200 shares, an increase of 132.4% from the February 29th total of 7,400 shares. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is currently 0.5 days.

BTC Digital Price Performance

NASDAQ BTCTW remained flat at $0.04 on Thursday. 3,123 shares of the company’s stock traded hands, compared to its average volume of 33,990. The stock has a 50 day moving average of $0.04. BTC Digital has a 1 year low of $0.00 and a 1 year high of $0.10.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.