Bgin Blockchain Limited (NASDAQ:BGIN – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 57,581 shares, a drop of 76.2% from the September 30th total of 241,932 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 33,036 shares, the short-interest ratio is presently 1.7 days.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Bgin Blockchain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Research Report on Bgin Blockchain
Bgin Blockchain Stock Performance
BGIN traded down $0.06 during midday trading on Friday, reaching $1.76. The company’s stock had a trading volume of 3,954 shares, compared to its average volume of 86,487. Bgin Blockchain has a twelve month low of $1.61 and a twelve month high of $4.41. The company has a fifty day simple moving average of $2.00 and a 200 day simple moving average of $2.54.
Bgin Blockchain (NASDAQ:BGIN – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $3.69 million for the quarter.
About Bgin Blockchain
Bgin Blockchain Limited is a blockchain technology company focused on cryptocurrency mining and related digital-asset activities. Its business centers on operating and managing mining infrastructure used to support blockchain networks and generate digital assets.
The company may also provide services associated with cryptocurrency mining, including computing-power management and other infrastructure-related solutions. Publicly available information about its specific products, customer base and geographic reach is limited.
Bgin Blockchain Limited is based in Singapore and serves the international digital-asset and blockchain market.
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