Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Rises By 8,582.2%

BTC Digital Ltd. (NASDAQ:BTCT) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 8,582.2% from the October 31st total of 12,900 shares. Based on an average trading volume of 3,510,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 45.0% of the company’s shares are sold short.

BTC Digital Price Performance

BTCT opened at $15.85 on Friday. BTC Digital has a 1 year low of $1.32 and a 1 year high of $26.58. The firm has a 50 day moving average price of $5.46 and a 200 day moving average price of $3.12.

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.