Abits Group Inc. (NASDAQ:ABTS) Short Interest Down 16.3% in April

Posted by Nicole Kennedy on May 1st, 2026

Abits Group Inc. (NASDAQ:ABTS – Get Free Report) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 47,304 shares, a decrease of 16.3% from the March 31st total of 56,486 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 37,049 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Abits Group

A hedge fund recently raised its stake in Abits Group stock. FNY Investment Advisers LLC raised its position in Abits Group Inc. (NASDAQ:ABTS – Free Report) by 138.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,035 shares of the company’s stock after purchasing an additional 4,669 shares during the quarter. FNY Investment Advisers LLC owned 0.34% of Abits Group worth $41,000 as of its most recent SEC filing. 0.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Abits Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on ABTS

Abits Group Price Performance

Abits Group stock opened at $1.22 on Friday. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $4.29. Abits Group has a 1-year low of $0.97 and a 1-year high of $10.86.

Abits Group (NASDAQ:ABTS – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.53) EPS for the quarter. The company had revenue of $2.57 million during the quarter.

Abits Group Company Profile

(Get Free Report)

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.