Short Interest in Bit Origin Ltd (NASDAQ:BTOG) Expands By 27.2%

Bit Origin Ltd (NASDAQ:BTOG) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 49,600 shares, a growth of 27.2% from the January 31st total of 39,000 shares. Based on an average trading volume of 883,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the shares of the stock are sold short.

Bit Origin Stock Performance

BTOG traded down $0.03 on Thursday, reaching $0.30. The stock had a trading volume of 8,124,975 shares, compared to its average volume of 2,258,116. The company has a debt-to-equity ratio of 3.61, a current ratio of 2.68 and a quick ratio of 2.68. Bit Origin has a fifty-two week low of $0.16 and a fifty-two week high of $6.04. The firm has a 50-day moving average of $0.60 and a 200-day moving average of $1.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd bought a new stake in Bit Origin Ltd (NASDAQ:BTOG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin at the end of the most recent reporting period. 1.07% of the stock is owned by institutional investors and hedge funds.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.