Abits Group Inc. (NASDAQ:ABTS – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 48,481 shares, a decrease of 36.4% from the August 31st total of 76,264 shares. Based on an average daily trading volume, of 20,457 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Abits Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Research Report on ABTS
Abits Group Stock Performance
Abits Group Company Profile
Abits Group Inc (NASDAQ: ABTS) is a digital asset technology company focused primarily on cryptocurrency mining. Its business involves operating and developing infrastructure for the mining of bitcoin and other blockchain-based digital assets, including the deployment and management of specialized mining equipment and related data-center resources.
The company was previously known as Moxian (China) Holdings Limited before adopting the Abits Group name as it shifted its strategic focus toward digital asset mining and blockchain-related activities.
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