Bgin Blockchain Limited (NASDAQ:BGIN) Stock Short Interest Falls 76.2%

Bgin Blockchain Limited (NASDAQ:BGIN – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 57,581 shares, a drop of 76.2% from the September 30th total of 241,932 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 33,036 shares, the days-to-cover ratio is currently 1.7 days.

Bgin Blockchain Price Performance

NASDAQ:BGIN traded up $0.03 during mid-day trading on Thursday, hitting $1.82. 14,336 shares of the stock traded hands, compared to its average volume of 86,873. Bgin Blockchain has a 12-month low of $1.61 and a 12-month high of $4.41. The business’s 50-day moving average price is $2.00 and its 200 day moving average price is $2.55.

Bgin Blockchain (NASDAQ:BGIN – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.12) EPS for the quarter. The business had revenue of $3.69 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Bgin Blockchain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Bgin Blockchain

Bgin Blockchain Company Profile

(Get Free Report)

Bgin Blockchain Limited is a blockchain technology company focused on cryptocurrency mining and related digital-asset activities. Its business centers on operating and managing mining infrastructure used to support blockchain networks and generate digital assets.

The company may also provide services associated with cryptocurrency mining, including computing-power management and other infrastructure-related solutions. Publicly available information about its specific products, customer base and geographic reach is limited.

Bgin Blockchain Limited is based in Singapore and serves the international digital-asset and blockchain market.

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