BTCS Inc. (NASDAQ:BTCS) Stock Short Interest Report for September

BTCS Inc. (NASDAQ:BTCS) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,601,316 shares, a drop of 40.9% from the September 15th total of 2,709,626 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average trading volume of 1,945,479 shares, the short-interest ratio is currently 0.8 days.

BTCS Stock Performance

BTCS traded down $0.03 on Friday, hitting $1.18. The company’s stock had a trading volume of 288,560 shares, compared to its average volume of 1,127,895. The company’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.40. The firm has a market cap of $61.65 million, a P/E ratio of -0.36 and a beta of 3.29. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.20. BTCS has a 12 month low of $0.96 and a 12 month high of $4.47.

BTCS (NASDAQ:BTCS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.70) earnings per share for the quarter. BTCS had a negative return on equity of 14.40% and a negative net margin of 746.29%. The business had revenue of $2.45 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded BTCS from a “hold (c)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BTCS. Engineers Gate Manager LP purchased a new stake in BTCS during the 2nd quarter valued at about $30,000. Bank of New York Mellon Corp bought a new position in BTCS in the second quarter valued at about $80,000. Finally, Renaissance Technologies LLC lifted its stake in shares of BTCS by 192.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,057,100 shares of the company’s stock worth $1,469,000 after purchasing an additional 695,555 shares during the period. 3.48% of the stock is currently owned by institutional investors.

BTCS Company Profile

BTCS Inc (NASDAQ: BTCS) is a blockchain technology company focused on supporting and securing blockchain networks. The company’s primary activities include operating blockchain validator nodes and participating in network staking, with a particular emphasis on the Ethereum ecosystem.

Through its blockchain infrastructure operations, BTCS helps validate transactions and maintain network security while earning blockchain-based rewards. The company has also pursued tools and services designed to support digital-asset management, decentralized finance, and the broader adoption of blockchain technology.

BTCS was originally established as The Bitcoin Shop and later adopted its current name as its business strategy evolved toward blockchain infrastructure and digital assets.