Bit Origin (NASDAQ:BTOG) Shares Scheduled to Reverse Split on Tuesday, January 20th

Shares of Bit Origin Limited (NASDAQ:BTOG) are set to reverse split before the market opens on Tuesday, January 20th. The 1-60 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.

Bit Origin Stock Performance

Shares of BTOG opened at $0.12 on Friday. The company’s 50 day simple moving average is $0.23 and its 200-day simple moving average is $0.34. Bit Origin has a 12-month low of $0.11 and a 12-month high of $1.01.

Analysts Set New Price Targets

BTOG has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Bit Origin in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Bit Origin to a “sell” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus 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.