BTCS Inc. (NASDAQ:BTCS) Short Interest Down 29.1% in May

BTCS Inc. (NASDAQ:BTCS) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 48,400 shares, a decrease of 29.1% from the May 15th total of 68,300 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 132,100 shares, the days-to-cover ratio is presently 0.4 days.

BTCS Stock Down 0.7 %

Shares of BTCS stock traded down $0.01 on Friday, reaching $1.46. The stock had a trading volume of 161,528 shares, compared to its average volume of 111,241. BTCS has a 12 month low of $0.85 and a 12 month high of $2.50. The firm has a market capitalization of $22.92 million, a price-to-earnings ratio of 1.13 and a beta of 1.48. The firm’s 50-day moving average is $1.54 and its two-hundred day moving average is $1.59.

BTCS (NASDAQ:BTCS) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). BTCS had a negative return on equity of 20.75% and a net margin of 1,519.73%. The firm had revenue of $0.39 million for the quarter, compared to analyst estimates of $0.40 million. On average, sell-side analysts forecast that BTCS will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of BTCS in a report on Thursday, May 16th.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.