BTCS Inc. (NASDAQ:BTCS) Short Interest Update

BTCS Inc. (NASDAQ:BTCS) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,740,000 shares, a growth of 2,540.4% from the October 31st total of 65,900 shares. Based on an average daily volume of 2,830,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 18.0% of the company’s stock are short sold.

BTCS Stock Up 9.8 %

BTCS traded up $0.33 during trading hours on Wednesday, reaching $3.71. 956,510 shares of the company’s stock traded hands, compared to its average volume of 921,332. The firm has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.54. The firm has a market capitalization of $63.14 million, a PE ratio of 8.24 and a beta of 1.55. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41.

Insider Activity at BTCS

In other news, Director Melanie Pump sold 22,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.49, for a total value of $76,780.00. Following the transaction, the director now owns 38,735 shares of the company’s stock, valued at $135,185.15. This trade represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new position in shares of BTCS Inc. (NASDAQ:BTCS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS as of its most recent SEC filing. 3.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of BTCS in a report on Thursday, August 22nd.

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.