Abits Group Inc. (NASDAQ:ABTS) Sees Large Increase in Short Interest

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 477,100 shares, a growth of 81.8% from the October 15th total of 262,400 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 94,100 shares, the short-interest ratio is presently 5.1 days.

Abits Group Trading Down 18.2 %

Shares of Abits Group stock opened at $0.53 on Friday. Abits Group has a twelve month low of $0.38 and a twelve month high of $1.60. The firm’s 50-day simple moving average is $0.50 and its 200-day simple moving average is $0.55.

About Abits Group

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.