Bgin Blockchain Limited (NASDAQ:BGIN) Stock Short Interest Declines 39.8%

Bgin Blockchain Limited (NASDAQ:BGIN) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,434 shares, a decrease of 39.8% from the August 31st total of 15,661 shares. Based on an average daily trading volume, of 9,498 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Bgin Blockchain Trading Down 15.6%

Shares of BGIN opened at $2.17 on Wednesday. Bgin Blockchain has a 1-year low of $1.61 and a 1-year high of $6.50. The firm has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $2.48.

Bgin Blockchain (NASDAQ:BGIN) last announced its earnings results on Friday, August 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $3.69 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Bgin Blockchain from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Bgin Blockchain