Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 206,700 shares, a decrease of 47.4% from the June 30th total of 393,300 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 398,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of 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) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission. Hedge funds and other institutional investors own 1.07% of the company’s stock.

Bit Origin Stock Up 2.4 %

Bit Origin stock opened at $1.70 on Friday. Bit Origin has a fifty-two week low of $1.33 and a fifty-two week high of $9.71. The company has a 50 day moving average price of $3.28 and a 200-day moving average price of $3.94.

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.