Short Interest in Osprey Bitcoin Trust (OTCMKTS:OBTC) Expands By 72.7%

Osprey Bitcoin Trust (OTCMKTS:OBTC) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 6,789 shares, an increase of 72.7% from the November 30th total of 3,931 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,570 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 76,570 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Osprey Bitcoin Trust Trading Up 0.5%

OBTC traded up $0.15 during midday trading on Friday, hitting $28.20. The company had a trading volume of 31,670 shares, compared to its average volume of 18,615. Osprey Bitcoin Trust has a twelve month low of $21.32 and a twelve month high of $37.70. The firm’s 50-day simple moving average is $29.45 and its 200-day simple moving average is $31.79.

Osprey Bitcoin Trust (OTCMKTS:OBTC) is an investment vehicle designed to provide investors with exposure to the price of bitcoin through a traditional brokerage account. The trust holds bitcoin, and its shares represent fractional ownership of the digital asset, allowing investors to gain price exposure without directly purchasing or storing cryptocurrency. Shares of the trust trade on the OTC Markets under the ticker OBTC, offering intraday liquidity and the familiarity of a stock-like investment format.

The trust is structured as a Delaware statutory trust, with bitcoin custody services provided by a regulated third-party custodian.