Abits Group Inc. (NASDAQ:ABTS) Sees Significant Drop in Short Interest

Abits Group Inc. (NASDAQ:ABTS) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 307,200 shares, a drop of 12.8% from the November 15th total of 352,100 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 121,200 shares, the short-interest ratio is currently 2.5 days.

Abits Group Stock Performance

NASDAQ:ABTS opened at $0.49 on Friday. The firm has a 50-day simple moving average of $0.55 and a 200-day simple moving average of $0.53. Abits Group has a one year low of $0.38 and a one 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.