BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 7,200 shares, an increase of 9.1% from the September 30th total of 6,600 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

BTC Digital Stock Down 6.4 %

Shares of BTCT stock opened at $1.62 on Friday. The business’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.92. BTC Digital has a 12-month low of $1.32 and a 12-month high of $6.06.

BTC Digital (NASDAQ:BTCT) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $6.38 million during the quarter. As a group, research analysts forecast that BTC Digital will post -0.98 earnings per share for the current year.

BTC Digital Company Profile

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.