BIT Mining Limited (NYSE:BTCM) Short Interest Update

BIT Mining Limited (NYSE:BTCM) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 157,600 shares, an increase of 25.5% from the November 30th total of 125,600 shares. Based on an average daily trading volume, of 239,900 shares, the short-interest ratio is presently 0.7 days. Approximately 1.5% of the shares of the stock are short sold.

BIT Mining Trading Down 1.5 %

Shares of BIT Mining stock opened at $2.60 on Tuesday. The firm has a market capitalization of $28.89 million, a PE ratio of -1.98 and a beta of 2.54. BIT Mining has a 12 month low of $1.79 and a 12 month high of $5.71. The business’s 50-day moving average price is $2.96 and its 200-day moving average price is $2.68.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “neutral” rating on shares of BIT Mining in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BIT Mining stock. XTX Topco Ltd bought a new stake in shares of BIT Mining Limited (NYSE:BTCM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned 0.20% of BIT Mining at the end of the most recent reporting period. 5.34% of the stock is owned by hedge funds and other institutional investors.

About BIT Mining

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.