BIT Mining Limited (NYSE:BTCM) Short Interest Update

BIT Mining Limited (NYSE:BTCM) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 177,400 shares, a decline of 14.8% from the June 30th total of 208,300 shares. Based on an average trading volume of 101,500 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.7% of the company’s shares are sold short.

BIT Mining Trading Up 1.1 %

BTCM stock traded up $0.03 during trading on Monday, reaching $2.84. 71,485 shares of the stock were exchanged, compared to its average volume of 126,207. The business has a 50 day moving average price of $2.85 and a 200-day moving average price of $3.08. BIT Mining has a 1 year low of $1.79 and a 1 year high of $6.95. The firm has a market capitalization of $31.55 million, a price-to-earnings ratio of -2.17 and a beta of 2.55.

Institutional Trading of BIT Mining

An institutional investor recently bought a new position in BIT Mining stock. Tower Research Capital LLC TRC bought a new position in shares of BIT Mining Limited (NYSE:BTCM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,299 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

BIT Mining Company Profile

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.