Bit Origin Ltd (NASDAQ:BTOG) Sees Large Drop in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 92,800 shares, a decrease of 14.4% from the November 15th total of 108,400 shares. Based on an average daily volume of 87,500 shares, the short-interest ratio is presently 1.1 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. XTX Topco Ltd purchased a new position in Bit Origin Ltd (NASDAQ:BTOG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.16% of Bit Origin as of its most recent SEC filing. 1.07% of the stock is owned by institutional investors.

Bit Origin Price Performance

Shares of BTOG stock remained flat at $0.97 during trading hours on Friday. 48,222 shares of the stock traded hands, compared to its average volume of 81,578. The stock has a fifty day moving average of $1.70 and a two-hundred day moving average of $2.21. Bit Origin has a twelve month low of $0.82 and a twelve month high of $9.71.

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.