BTC Digital Ltd. (NASDAQ:BTCTW) Sees Significant Drop in Short Interest

BTC Digital Ltd. (NASDAQ:BTCTW) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 8,600 shares, a decline of 68.4% from the March 31st total of 27,200 shares. Based on an average daily trading volume, of 26,100 shares, the short-interest ratio is presently 0.3 days.

BTC Digital Price Performance

Shares of BTC Digital stock remained flat at $0.05 on Thursday. The company’s 50-day simple moving average is $0.03 and its 200 day simple moving average is $0.03. BTC Digital has a 52 week low of $0.00 and a 52 week high of $0.10.

BTC Digital Company Profile

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages 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, the People's Republic of China.