Bit Origin Limited (NASDAQ:BTOG) Short Interest Up 133.2% in June

Bit Origin Limited (NASDAQ:BTOGGet Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 87,950 shares, an increase of 133.2% from the May 31st total of 37,715 shares. Based on an average daily volume of 256,766 shares, the short-interest ratio is presently 0.3 days. Currently, 9.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bit Origin stock. XTX Topco Ltd boosted its position in shares of Bit Origin Limited (NASDAQ:BTOGFree Report) by 240.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,720 shares of the company’s stock after buying an additional 119,136 shares during the quarter. XTX Topco Ltd owned approximately 17.22% of Bit Origin worth $29,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.07% of the company’s stock.

Bit Origin Price Performance

BTOG traded up $0.10 on Tuesday, hitting $1.33. 670,811 shares of the company were exchanged, compared to its average volume of 534,133. The firm has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $4.25. Bit Origin has a 12 month low of $1.13 and a 12 month high of $60.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a research report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Report on Bit Origin

Bit Origin Company Profile

(Get Free Report)

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.

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