Abits Group Inc. (NASDAQ:ABTS) Short Interest Update

Abits Group Inc. (NASDAQ:ABTS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 336,400 shares, an increase of 16.7% from the December 15th total of 288,300 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 253,900 shares, the days-to-cover ratio is presently 1.3 days.

Abits Group Trading Up 10.3 %

NASDAQ ABTS opened at $0.56 on Friday. Abits Group has a twelve month low of $0.38 and a twelve month high of $1.13. The stock has a fifty day simple moving average of $0.56 and a 200-day simple moving average of $0.52.

About Abits Group

Abits Group Inc operates in the bitcoin mining business 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 Causeway Bay, Hong Kong.