Short Interest in Bit Origin Limited (NASDAQ:BTOG) Expands By 57.9%

Bit Origin Limited (NASDAQ:BTOG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 345,725 shares, an increase of 57.9% from the December 31st total of 218,935 shares. Based on an average daily trading volume, of 3,906,491 shares, the days-to-cover ratio is currently 0.1 days. Currently, 35.5% of the shares of the stock are short sold. Currently, 35.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,906,491 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Bit Origin in a research report on Monday, December 22nd. Wall Street Zen upgraded Bit Origin from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Bit Origin Stock Performance

Shares of Bit Origin stock traded up $0.04 during trading hours on Friday, reaching $4.04. The company’s stock had a trading volume of 290,417 shares, compared to its average volume of 101,676. The firm has a 50 day moving average price of $11.19 and a 200-day moving average price of $19.89. Bit Origin has a one year low of $3.39 and a one year high of $60.60.

Bit Origin Company Profile

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.