Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 287,400 shares, a decrease of 49.2% from the March 15th total of 565,600 shares. Based on an average daily volume of 30,410,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.0% of the company’s shares are sold short.

Bit Origin Price Performance

Bit Origin stock traded down $0.00 during midday trading on Thursday, hitting $0.13. 2,601,613 shares of the company were exchanged, compared to its average volume of 8,135,528. Bit Origin has a fifty-two week low of $0.12 and a fifty-two week high of $5.73. The company has a debt-to-equity ratio of 3.61, a quick ratio of 2.68 and a current ratio of 2.68. The company’s fifty day moving average price is $0.29 and its 200-day moving average price is $0.97.

Hedge Funds Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. XTX Topco Ltd purchased a new position in Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin as of its most recent filing with the Securities and Exchange Commission. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

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.