Short Interest in BTCS Inc. (NASDAQ:BTCS) Decreases By 29.1%

BTCS Inc. (NASDAQ:BTCSGet Free Report) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 48,400 shares, a decline of 29.1% from the May 15th total of 68,300 shares. Based on an average daily trading volume, of 132,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of BTCS in a research report on Thursday, May 16th.

Get Our Latest Stock Report on BTCS

BTCS Trading Down 0.7 %

Shares of NASDAQ:BTCS traded down $0.01 during trading on Friday, reaching $1.46. The company’s stock had a trading volume of 161,528 shares, compared to its average volume of 111,241. The stock has a market capitalization of $22.92 million, a PE ratio of 1.13 and a beta of 1.48. BTCS has a 12 month low of $0.85 and a 12 month high of $2.50. The firm’s 50 day simple moving average is $1.54 and its two-hundred day simple moving average is $1.59.

BTCS (NASDAQ:BTCSGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). BTCS had a net margin of 1,519.73% and a negative return on equity of 20.75%. The firm had revenue of $0.39 million during the quarter, compared to analysts’ expectations of $0.40 million. Research analysts anticipate that BTCS will post -0.19 EPS for the current fiscal year.

BTCS Company Profile

(Get Free Report)

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.

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