BTCS Inc. (NASDAQ:BTCS – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 103,000 shares, a growth of 101.2% from the August 15th total of 51,200 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 109,000 shares, the days-to-cover ratio is currently 0.9 days.
BTCS Price Performance
NASDAQ:BTCS traded up $0.05 during trading hours on Friday, reaching $1.13. The company had a trading volume of 69,131 shares, compared to its average volume of 159,978. The firm has a market cap of $17.75 million, a PE ratio of 0.84 and a beta of 1.52. The business’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.46. BTCS has a 1-year low of $0.86 and a 1-year high of $2.50.
BTCS (NASDAQ:BTCS – Get Free Report) last announced its earnings results on Monday, August 19th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.40 million. BTCS had a negative return on equity of 13.94% and a net margin of 993.08%. On average, analysts expect that BTCS will post -0.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of BTCS in a report on Thursday, August 22nd.
Get Our Latest Analysis on BTCS
About BTCS
BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.
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