Bit Origin Limited (NASDAQ:BTOG) Short Interest Update

Bit Origin Limited (NASDAQ:BTOG) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 88,708 shares, a decline of 76.8% from the June 30th total of 381,817 shares. Approximately 9.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,744,216 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bit Origin in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Bit Origin stock. Virtu Financial LLC grew its holdings in Bit Origin Limited (NASDAQ:BTOG) by 476.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,491 shares of the company’s stock after acquiring an additional 121,066 shares during the quarter. Virtu Financial LLC owned 14.95% of Bit Origin worth $25,000 at the end of the most recent reporting period. 1.07% of the stock is owned by institutional investors.

Bit Origin Price Performance

Shares of NASDAQ BTOG opened at $0.83 on Friday. The company’s fifty day moving average is $1.50 and its 200-day moving average is $2.81. Bit Origin has a twelve month low of $0.79 and a twelve month high of $38.31.

Bit Origin (NASDAQ:BTOG) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($6.67) earnings per share (EPS) for the quarter.

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.