BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 365,264 shares, an increase of 99.0% from the May 31st total of 183,580 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 517,643 shares, the short-interest ratio is currently 0.7 days.

BTC Digital Stock Up 11.6%

Shares of NASDAQ:BTCT opened at $1.06 on Friday. The company has a current ratio of 7.79, a quick ratio of 7.79 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.09 million, a price-to-earnings ratio of -0.88 and a beta of 5.40. The stock’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.30. BTC Digital has a 12-month low of $0.61 and a 12-month high of $4.79.

BTC Digital (NASDAQ:BTCT) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $4.16 million for the quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of BTC Digital in a research report on Wednesday, June 24th. Zacks Research upgraded BTC Digital to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BTC Digital has a consensus rating of “Reduce”.

About BTC Digital

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.