Bgin Blockchain Limited (NASDAQ:BGIN) Short Interest Update

Bgin Blockchain Limited (NASDAQ:BGIN) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 54,859 shares, a growth of 153.4% from the April 30th total of 21,650 shares. Based on an average daily volume of 34,082 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Bgin Blockchain

A hedge fund recently bought a new stake in Bgin Blockchain stock. XTX Topco Ltd bought a new stake in shares of Bgin Blockchain Limited (NASDAQ:BGIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,333 shares of the company’s stock, valued at approximately $31,000.

Bgin Blockchain Trading Down 4.7%

Bgin Blockchain stock traded down $0.14 during midday trading on Monday, reaching $2.87. The stock had a trading volume of 18,751 shares, compared to its average volume of 18,454. The firm’s fifty day simple moving average is $3.25 and its two-hundred day simple moving average is $3.07. Bgin Blockchain has a twelve month low of $2.08 and a twelve month high of $6.50.

Bgin Blockchain (NASDAQ:BGIN) last posted its quarterly earnings data on Friday, April 24th. The company reported $999.00 EPS for the quarter.

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.