Bit Origin Limited (NASDAQ:BTOG) Short Interest Down 85.3% in January

Bit Origin Limited (NASDAQ:BTOG) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 50,943 shares, a decrease of 85.3% from the January 15th total of 345,725 shares. Currently, 5.2% of the company’s shares are sold short. Based on an average trading volume of 165,920 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 165,920 shares, the days-to-cover ratio is currently 0.3 days. Currently, 5.2% of the company’s shares are sold short.

Bit Origin Stock Performance

Bit Origin stock traded down $0.14 during mid-day trading on Thursday, reaching $2.77. The company’s stock had a trading volume of 67,561 shares, compared to its average volume of 125,296. Bit Origin has a twelve month low of $2.49 and a twelve month high of $60.60. The business has a 50 day moving average price of $9.14 and a 200-day moving average price of $18.06.

Analyst Ratings Changes

BTOG has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Bit Origin from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Bit Origin in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bit Origin has an average rating of “Sell”.

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.