Short Interest in BTC Digital Ltd. (NASDAQ:BTCTW) Increases By 96.8%

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 37,200 shares, a growth of 96.8% from the May 31st total of 18,900 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 2.8 days.

BTC Digital Price Performance

Shares of NASDAQ BTCTW remained flat at $0.03 during mid-day trading on Friday. The company’s 50-day moving average price is $0.03 and its two-hundred day moving average price is $0.04. BTC Digital has a 1 year low of $0.00 and a 1 year high of $0.10.

BTC Digital Company Profile

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.