BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Down 59.0% in December

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 133,700 shares, a drop of 59.0% from the November 30th total of 326,100 shares. Based on an average daily trading volume, of 3,790,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.2% of the shares of the company are short sold.

BTC Digital Stock Performance

BTC Digital stock traded down $0.23 during mid-day trading on Friday, reaching $4.88. 275,716 shares of the company’s stock were exchanged, compared to its average volume of 1,009,929. The business’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $4.06. BTC Digital has a one year low of $1.32 and a one year high of $26.58.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved 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, China.