Bit Origin Limited (NASDAQ:BTOG) Short Interest Down 83.9% in July

Bit Origin Limited (NASDAQ:BTOGGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 14,311 shares, a decline of 83.9% from the July 15th total of 88,708 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 657,401 shares, the short-interest ratio is currently 0.0 days.

Bit Origin Stock Performance

Shares of NASDAQ:BTOG traded down $0.01 during mid-day trading on Wednesday, hitting $0.85. The company had a trading volume of 15,437 shares, compared to its average volume of 674,755. The firm has a fifty day moving average price of $1.28 and a 200 day moving average price of $2.06. Bit Origin has a one year low of $0.62 and a one year high of $38.31.

Bit Origin (NASDAQ:BTOGGet Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($6.67) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on BTOG

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bit Origin stock. XTX Topco Ltd boosted its position in Bit Origin Limited (NASDAQ:BTOGFree Report) by 240.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,720 shares of the company’s stock after acquiring an additional 119,136 shares during the period. XTX Topco Ltd owned 17.22% of Bit Origin worth $29,000 as of its most recent SEC filing. 1.07% of the stock is owned by institutional investors.

Bit Origin Company Profile

(Get Free Report)

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.

Further Reading

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