Abits Group Inc. (NASDAQ:ABTS) Short Interest Up 6.9% in March

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 284,600 shares, an increase of 6.9% from the March 15th total of 266,300 shares. Based on an average daily volume of 231,300 shares, the short-interest ratio is presently 1.2 days. Currently, 1.0% of the company’s shares are short sold.

Abits Group Price Performance

ABTS stock opened at $0.77 on Wednesday. Abits Group has a 12 month low of $0.57 and a 12 month high of $1.80. The business’s 50-day moving average price is $0.84.

Abits Group Company Profile

Abits Group Inc, a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.