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

BTC Digital Ltd. (NASDAQ:BTCTW) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 17,200 shares, an increase of 132.4% from the February 29th total of 7,400 shares. Based on an average trading volume of 32,100 shares, the short-interest ratio is currently 0.5 days.

BTC Digital Stock Performance

BTCTW stock remained flat at $0.04 during mid-day trading on Thursday. The company’s stock had a trading volume of 3,123 shares, compared to its average volume of 33,990. BTC Digital has a 1-year low of $0.00 and a 1-year high of $0.10. The company has a 50 day moving average of $0.04.

About BTC Digital

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.