BTCS Inc. (NASDAQ:BTCS) Short Interest Up 9.5% in December

BTCS Inc. (NASDAQ:BTCS) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 423,400 shares, a growth of 9.5% from the November 30th total of 386,700 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,030,000 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling at BTCS

In other BTCS news, Director Melanie Pump sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.49, for a total transaction of $76,780.00. Following the completion of the sale, the director now directly owns 38,735 shares of the company’s stock, valued at approximately $135,185.15. The trade was a 36.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 44.30% of the company’s stock.

Hedge Funds Weigh In On BTCS

An institutional investor recently bought a new position in BTCS stock. Virtu Financial LLC purchased a new position in shares of BTCS Inc. (NASDAQ:BTCS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS at the end of the most recent quarter. Hedge funds and other institutional investors own 3.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on BTCS from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th.

BTCS Stock Down 1.2 %

BTCS stock traded down $0.03 during midday trading on Wednesday, hitting $2.47. 461,905 shares of the stock were exchanged, compared to its average volume of 901,896. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41. The business’s 50-day moving average price is $2.79 and its 200-day moving average price is $1.83. The stock has a market capitalization of $42.05 million, a price-to-earnings ratio of 6.02 and a beta of 2.10.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.