Bit Origin Ltd (NASDAQ:BTOG) Short Interest Up 18.5% in November

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 108,400 shares, an increase of 18.5% from the October 31st total of 91,500 shares. Based on an average daily trading volume, of 81,900 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.5% of the company’s shares are short sold.

Bit Origin Stock Performance

Shares of BTOG traded down $0.06 during trading hours on Tuesday, hitting $1.30. The stock had a trading volume of 4,900 shares, compared to its average volume of 282,661. The firm has a 50 day simple moving average of $1.89 and a 200-day simple moving average of $2.37. Bit Origin has a 1-year low of $1.28 and a 1-year high of $9.71.

Institutional Investors Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC purchased a new stake in Bit Origin Ltd (NASDAQ:BTOG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.34% of Bit Origin at the end of the most recent quarter. Hedge funds and other institutional investors own 1.07% of the company’s stock.

About Bit Origin

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.