Bgin Blockchain Limited (NASDAQ:BGIN – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 95,872 shares, a growth of 349.3% from the July 30th total of 21,337 shares. Based on an average daily volume of 192,487 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Trading of Bgin Blockchain
An institutional investor recently bought a new stake in Bgin Blockchain stock. Geode Capital Management LLC purchased a new stake in Bgin Blockchain Limited (NASDAQ:BGIN – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 57,570 shares of the company’s stock, valued at approximately $144,000. Geode Capital Management LLC owned about 0.05% of Bgin Blockchain as of its most recent SEC filing.
Bgin Blockchain Stock Down 1.6%
BGIN stock opened at $2.02 on Wednesday. The business has a fifty day moving average price of $1.91 and a 200 day moving average price of $2.64. Bgin Blockchain has a fifty-two week low of $1.61 and a fifty-two week high of $6.50.
Wall Street Analyst Weigh In
View Our Latest Research Report on Bgin Blockchain
About Bgin Blockchain
Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.
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