Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 272,800 shares, a decrease of 23.8% from the May 31st total of 357,800 shares. Currently, 5.6% of the company’s stock are sold short. Based on an average trading volume of 261,500 shares, the short-interest ratio is currently 1.0 days.

Bit Origin Trading Down 28.1 %

NASDAQ BTOG traded down $0.81 during trading on Monday, reaching $2.07. 1,782,226 shares of the company’s stock traded hands, compared to its average volume of 438,959. Bit Origin has a 12-month low of $1.33 and a 12-month high of $9.71. The company’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $4.19.

Hedge Funds Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC bought a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.34% of Bit Origin as of its most recent SEC filing. 1.07% of the stock is currently owned by institutional investors.

About Bit Origin

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.