BTCS Inc. (NASDAQ:BTCS) Short Interest Update

BTCS Inc. (NASDAQ:BTCSGet Free Report) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 38,400 shares, a decrease of 40.1% from the January 15th total of 64,100 shares. Based on an average daily trading volume, of 308,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the shares of the company are short sold.

BTCS Price Performance

Shares of NASDAQ BTCS traded up $0.08 during trading hours on Monday, hitting $1.83. 310,394 shares of the company’s stock were exchanged, compared to its average volume of 287,736. The firm has a 50-day moving average of $1.69. BTCS has a 1-year low of $0.85 and a 1-year high of $2.50. The stock has a market cap of $26.30 million, a PE ratio of -5.96 and a beta of 1.63.

BTCS (NASDAQ:BTCSGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The company had revenue of $0.32 million for the quarter, compared to the consensus estimate of $0.40 million. BTCS had a negative return on equity of 45.90% and a negative net margin of 347.78%. On average, research analysts predict that BTCS will post -0.27 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of BTCS in a report on Thursday, January 25th.

Check Out Our Latest Analysis on BTCS

BTCS Company Profile

(Get Free Report)

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It 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.

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