BTC Digital Ltd. (NASDAQ:BTCTW) Sees Significant Decrease in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 17,800 shares, a drop of 69.0% from the October 31st total of 57,400 shares. Based on an average daily volume of 101,100 shares, the days-to-cover ratio is currently 0.2 days.

BTC Digital Price Performance

Shares of BTCTW traded down $0.01 during mid-day trading on Friday, hitting $0.07. The company had a trading volume of 59,468 shares, compared to its average volume of 52,455. BTC Digital has a 1-year low of $0.00 and a 1-year high of $0.18. The business’s 50-day simple moving average is $0.04 and its 200-day simple moving average is $0.03.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.