Abits Group Inc. (NASDAQ:ABTS) Short Interest Up 6.1% in October

Abits Group Inc. (NASDAQ:ABTS) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 262,400 shares, an increase of 6.1% from the September 30th total of 247,300 shares. Based on an average daily trading volume, of 31,800 shares, the days-to-cover ratio is presently 8.3 days. Currently, 0.9% of the company’s shares are short sold.

Abits Group Price Performance

NASDAQ:ABTS opened at $0.58 on Wednesday. The firm has a 50 day simple moving average of $0.48 and a 200-day simple moving average of $0.57. Abits Group has a 1-year low of $0.38 and a 1-year high of $1.60.

Abits Group Company Profile

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.