Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Drops By 70.9%

BTC Digital Ltd. (NASDAQ:BTCT) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 326,100 shares, a decrease of 70.9% from the November 15th total of 1,120,000 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average daily volume of 3,650,000 shares, the short-interest ratio is currently 0.1 days.

BTC Digital Stock Down 12.8 %

BTCT traded down $1.21 during mid-day trading on Wednesday, reaching $8.23. The stock had a trading volume of 695,470 shares, compared to its average volume of 1,018,116. The firm’s fifty day simple moving average is $7.35 and its two-hundred day simple moving average is $3.77. BTC Digital has a 52 week low of $1.32 and a 52 week high of $26.58.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.