Bit Origin Limited (NASDAQ:BTOG) Short Interest Up 32.7% in February

Bit Origin Limited (NASDAQ:BTOG) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 67,592 shares, a growth of 32.7% from the January 29th total of 50,943 shares. Based on an average trading volume of 134,658 shares, the short-interest ratio is currently 0.5 days. Approximately 6.9% of the company’s shares are short sold. Approximately 6.9% of the company’s shares are short sold. Based on an average trading volume of 134,658 shares, the short-interest ratio is currently 0.5 days.

Bit Origin Price Performance

Shares of NASDAQ BTOG opened at $2.28 on Wednesday. The business’s 50 day moving average is $5.88 and its two-hundred day moving average is $15.70. Bit Origin has a 52-week low of $2.14 and a 52-week high of $60.60.

Hedge Funds Weigh In On Bit Origin

A hedge fund recently raised its stake in Bit Origin stock. Virtu Financial LLC raised its position in Bit Origin Limited (NASDAQ:BTOG) by 476.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,491 shares of the company’s stock after acquiring an additional 121,066 shares during the quarter. Virtu Financial LLC owned approximately 14.95% of Bit Origin worth $25,000 as of its most recent SEC filing. 1.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen raised Bit Origin from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Bit Origin Company Profile

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.