Bit Origin Limited (NASDAQ:BTOG – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 36,537 shares, a growth of 155.3% from the July 30th total of 14,311 shares. Based on an average daily trading volume, of 94,531 shares, the short-interest ratio is currently 0.4 days. Approximately 18.7% of the company’s stock are short sold.
Hedge Funds Weigh In On Bit Origin
A hedge fund recently raised its stake in Bit Origin stock. XTX Topco Ltd increased its position in Bit Origin Limited (NASDAQ:BTOG – Free Report) by 240.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,720 shares of the company’s stock after acquiring an additional 119,136 shares during the quarter. XTX Topco Ltd owned about 17.22% of Bit Origin worth $29,000 at the end of the most recent quarter. 1.07% of the stock is currently owned by hedge funds and other institutional investors.
Bit Origin Stock Performance
NASDAQ BTOG opened at $3.55 on Friday. Bit Origin has a fifty-two week low of $3.02 and a fifty-two week high of $166.71. The stock’s 50-day moving average is $5.08 and its two-hundred day moving average is $9.10.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Bit Origin
About Bit Origin
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.
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