BTGO (NYSE:BTGO) Shares Shorted: Short Interest Up 70.2% in September

Posted by Stanley Muller on Oct 15th, 2026

BTGO (NYSE:BTGO – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,919,197 shares, a growth of 70.2% from the September 15th total of 2,302,906 shares. Based on an average daily trading volume, of 2,648,318 shares, the short-interest ratio is presently 1.5 days. Approximately 3.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BTGO shares. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 target price on shares of BTGO in a research note on Friday, August 21st. Wedbush reduced their price target on BTGO from $15.00 to $8.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of BTGO in a report on Friday, October 9th. Rosenblatt Securities lowered their price target on BTGO from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their price objective on BTGO from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Check Out Our Latest Report on BTGO

Insider Buying and Selling at BTGO

In other news, CFO Edward Reginelli sold 9,021 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $4.89, for a total value of $44,112.69. Following the completion of the transaction, the chief financial officer owned 582,489 shares in the company, valued at $2,848,371.21. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Belshe sold 38,691 shares of BTGO stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $4.89, for a total value of $189,198.99. Following the completion of the sale, the chief executive officer directly owned 798,464 shares in the company, valued at approximately $3,904,488.96. This represents a 4.62% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 48,134 shares of company stock worth $235,430 over the last quarter.

Institutional Investors Weigh In On BTGO

Institutional investors have recently made changes to their positions in the company. State Street Corp bought a new stake in BTGO in the 2nd quarter valued at $1,202,000. ParaFi Capital LP acquired a new position in shares of BTGO in the second quarter valued at about $1,939,000. Finally, Tidal Investments LLC bought a new position in BTGO during the second quarter worth about $10,327,000.

BTGO Trading Up 3.4%

Shares of NYSE:BTGO traded up $0.21 on Thursday, hitting $6.48. The company had a trading volume of 689,693 shares, compared to its average volume of 1,315,624. BTGO has a 1-year low of $4.65 and a 1-year high of $24.50. The stock has a market cap of $762.19 million and a price-to-earnings ratio of -4.47. The stock has a 50 day moving average price of $6.88 and a 200 day moving average price of $7.10.

BTGO (NYSE:BTGO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.13). The firm had revenue of $4.33 billion for the quarter. Sell-side analysts anticipate that BTGO will post -0.27 earnings per share for the current fiscal year.

BTGO declared that its board has authorized a stock buyback plan on Wednesday, June 17th that authorizes the company to buy back $50.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Share repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About BTGO

(Get Free Report)

BitGo Holdings, Inc (NYSE: BTGO) is a digital asset infrastructure company that provides custody, security, trading and financial services for institutional participants in the cryptocurrency market. Its platform is designed to help businesses securely store, manage and transact in digital assets.

The company’s services include institutional cryptocurrency custody, hot and cold wallet solutions, settlement, staking, lending and trading-related services. BitGo also provides technology and operational infrastructure intended to support asset managers, exchanges, financial institutions, corporations and other organizations involved with digital assets.

BitGo was founded in 2013 by Mike Belshe and Ben Davenport and is headquartered in Palo Alto, California.