Bit Origin Limited (NASDAQ:BTOG) Short Interest Update

Bit Origin Limited (NASDAQ:BTOGGet Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 51,881 shares, a decrease of 23.2% from the February 12th total of 67,592 shares. Based on an average daily volume of 29,825 shares, the short-interest ratio is presently 1.7 days. Currently, 5.3% of the company’s stock are sold short. Currently, 5.3% of the company’s stock are sold short. Based on an average daily volume of 29,825 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BTOG shares. Wall Street Zen raised shares of 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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Get Our Latest Analysis on BTOG

Bit Origin Trading Down 4.9%

NASDAQ BTOG opened at $2.55 on Friday. Bit Origin has a 52 week low of $2.14 and a 52 week high of $60.60. The company has a 50 day moving average price of $4.60 and a 200 day moving average price of $14.44.

Institutional Trading of Bit Origin

An institutional investor recently raised its position in Bit Origin stock. XTX Topco Ltd lifted its holdings in Bit Origin Limited (NASDAQ:BTOGFree Report) by 240.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,720 shares of the company’s stock after purchasing an additional 119,136 shares during the quarter. XTX Topco Ltd owned about 17.22% of Bit Origin worth $29,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.07% of the company’s stock.

About Bit Origin

(Get Free Report)

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.

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