Bgin Blockchain Limited (NASDAQ:BGIN) Stock Short Interest Rises 2,464.5%

Bgin Blockchain Limited (NASDAQ:BGIN) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 241,932 shares, an increase of 2,464.5% from the September 15th total of 9,434 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,174,915 shares, the days-to-cover ratio is currently 0.2 days.

Bgin Blockchain Price Performance

NASDAQ BGIN traded down $0.09 during mid-day trading on Friday, reaching $2.10. The stock had a trading volume of 6,285 shares, compared to its average volume of 92,001. The company has a fifty day moving average price of $1.99 and a 200 day moving average price of $2.46. Bgin Blockchain has a 1 year low of $1.61 and a 1 year high of $6.50.

Bgin Blockchain (NASDAQ:BGIN) last posted its earnings results on Friday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $3.69 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Bgin Blockchain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Bgin Blockchain Company Profile