Bit Origin Limited (NASDAQ:BTOG) Short Interest Update

Bit Origin Limited (NASDAQ:BTOG) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 50,943 shares, a drop of 85.3% from the January 15th total of 345,725 shares. Based on an average trading volume of 165,920 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.2% of the company’s shares are short sold. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 165,920 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Bit Origin from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bit Origin in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Bit Origin presently has an average rating of “Sell”.

Bit Origin Price Performance

Shares of BTOG remained flat at $2.91 during midday trading on Tuesday. The company’s stock had a trading volume of 93,777 shares, compared to its average volume of 129,206. The firm has a fifty day moving average of $9.40 and a 200 day moving average of $18.16. Bit Origin has a 1 year low of $2.50 and a 1 year high of $60.60.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.