BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Up 387.2% in January

BTC Digital Ltd. (NASDAQ:BTCT) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 667,000 shares, a growth of 387.2% from the January 15th total of 136,900 shares. Based on an average daily trading volume, of 5,520,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 15.2% of the shares of the company are short sold.

BTC Digital Stock Performance

Shares of NASDAQ BTCT opened at $5.13 on Thursday. The company has a 50 day simple moving average of $6.28 and a two-hundred day simple moving average of $4.88. BTC Digital has a 12 month low of $1.32 and a 12 month 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.