Bgin Blockchain Limited (NASDAQ:BGIN) Stock Short Interest Falls 39.8%

Bgin Blockchain Limited (NASDAQ:BGIN) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 9,434 shares, a decrease of 39.8% from the August 31st total of 15,661 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,498 shares, the days-to-cover ratio is presently 1.0 days.

Bgin Blockchain Stock Down 15.6%

Shares of NASDAQ BGIN opened at $2.17 on Wednesday. Bgin Blockchain has a 12-month low of $1.61 and a 12-month high of $6.50. The stock’s fifty day simple moving average is $1.93 and its two-hundred day simple moving average is $2.48.

Bgin Blockchain (NASDAQ:BGIN) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $3.69 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Bgin Blockchain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bgin Blockchain has a consensus rating of “Sell”.

About Bgin Blockchain