BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 390,183 shares, a growth of 55.5% from the November 30th total of 250,961 shares. Based on an average trading volume of 81,978 shares, the short-interest ratio is currently 4.8 days. Approximately 5.2% of the shares of the stock are short sold. Approximately 5.2% of the shares of the stock are short sold. Based on an average trading volume of 81,978 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of BTC Digital in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BTC Digital has an average rating of “Sell”.

BTC Digital Stock Down 6.5%

BTCT opened at $1.43 on Wednesday. The company has a market cap of $10.75 million, a PE ratio of -1.19 and a beta of 5.55. BTC Digital has a twelve month low of $1.35 and a twelve month high of $9.90. The company has a 50-day moving average price of $1.92 and a 200 day moving average price of $2.54.

Institutional Trading of BTC Digital

An institutional investor recently raised its position in BTC Digital stock. SBI Securities Co. Ltd. boosted its position in BTC Digital Ltd. (NASDAQ:BTCT) by 102.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,378 shares of the company’s stock after purchasing an additional 14,378 shares during the quarter. SBI Securities Co. Ltd. owned about 0.38% of BTC Digital worth $89,000 at the end of the most recent reporting period. 7.32% of the stock is currently owned by institutional investors.

BTC Digital Company Profile

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.