Short Interest in Osprey Bitcoin Trust (OTCMKTS:OBTC) Drops By 85.7%

Osprey Bitcoin Trust (OTCMKTS:OBTCGet Rating) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 200 shares, a drop of 85.7% from the April 30th total of 1,400 shares. Based on an average daily trading volume, of 84,000 shares, the short-interest ratio is currently 0.0 days.

Osprey Bitcoin Trust stock traded down $0.18 during midday trading on Friday, hitting $7.17. 28,686 shares of the company’s stock were exchanged, compared to its average volume of 24,224. The stock has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $11.89. Osprey Bitcoin Trust has a 52-week low of $6.59 and a 52-week high of $19.78.

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