BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Down 13.7% in March

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 269,332 shares, a decline of 13.7% from the February 26th total of 311,992 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 93,353 shares, the short-interest ratio is presently 2.9 days.

BTC Digital Trading Up 8.0%

Shares of BTCT stock opened at $1.21 on Thursday. BTC Digital has a 12 month low of $1.07 and a 12 month high of $4.79. The firm has a market capitalization of $9.10 million, a price-to-earnings ratio of -1.01 and a beta of 5.71. The business’s 50-day moving average price is $1.28 and its 200-day moving average price is $1.83.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BTC Digital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, BTC Digital has a consensus rating of “Sell”.

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.