BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Update

BTC Digital Ltd. (NASDAQ:BTCT) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 269,332 shares, a decrease of 13.7% from the February 26th total of 311,992 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 93,353 shares, the short-interest ratio is currently 2.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BTC Digital in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

BTC Digital Price Performance

Shares of BTCT stock traded up $0.04 during trading on Wednesday, hitting $1.16. 19,140 shares of the stock traded hands, compared to its average volume of 77,562. BTC Digital has a 52-week low of $1.07 and a 52-week high of $4.79. The firm has a market capitalization of $8.72 million, a P/E ratio of -0.97 and a beta of 5.71. The firm’s fifty day moving average price is $1.29 and its 200-day moving average price is $1.83.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.