Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 154,700 shares, a decline of 21.8% from the August 15th total of 197,900 shares. Based on an average daily volume of 253,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 3.2% of the shares of the stock are sold short.

Bit Origin Price Performance

BTOG stock traded up $0.28 during trading on Tuesday, hitting $2.50. 138,456 shares of the company’s stock traded hands, compared to its average volume of 341,518. The business has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $3.15. Bit Origin has a 52 week low of $1.33 and a 52 week high of $9.71.

Institutional Investors Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC purchased a new stake in shares of Bit Origin Ltd (NASDAQ:BTOG) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.34% of Bit Origin as of its most recent filing with the SEC. 1.07% of the stock is owned by institutional investors and hedge funds.

Bit Origin Company Profile

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.