Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Declines By 59.0%

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 133,700 shares, a drop of 59.0% from the November 30th total of 326,100 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 3,790,000 shares, the short-interest ratio is currently 0.0 days.

BTC Digital Price Performance

NASDAQ:BTCT traded down $0.23 during trading hours on Friday, hitting $4.88. 275,716 shares of the company traded hands, compared to its average volume of 1,009,929. BTC Digital has a twelve month low of $1.32 and a twelve month high of $26.58. The firm has a 50-day moving average of $8.36 and a 200 day moving average of $4.06.

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.