Bit Origin Ltd (NASDAQ:BTOG) Short Interest Down 12.6% in September

Bit Origin Ltd (NASDAQ:BTOG) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 124,800 shares, a drop of 12.6% from the September 15th total of 142,800 shares. Based on an average daily trading volume, of 77,700 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the shares of the company are sold short.

Bit Origin Stock Down 0.9 %

Bit Origin stock traded down $0.02 on Wednesday, reaching $2.13. 40,382 shares of the stock were exchanged, compared to its average volume of 313,280. Bit Origin has a twelve month low of $1.33 and a twelve month high of $9.71. The firm has a fifty day moving average price of $2.03 and a two-hundred day moving average price of $2.80.

Hedge Funds Weigh In On Bit Origin

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

Bit Origin Company Profile

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.