Bit Origin Ltd (NASDAQ:BTOG) Sees Large Decrease in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 39,000 shares, a decline of 9.7% from the January 15th total of 43,200 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 121,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd purchased a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.16% of Bit Origin at the end of the most recent quarter. Institutional investors own 1.07% of the company’s stock.

Bit Origin Stock Up 1.9 %

Bit Origin stock traded up $0.01 during trading hours on Monday, reaching $0.45. The stock had a trading volume of 199,381 shares, compared to its average volume of 115,676. The business’s 50 day moving average price is $0.76 and its 200-day moving average price is $1.48. Bit Origin has a 52 week low of $0.40 and a 52 week high of $6.39. The company has a debt-to-equity ratio of 3.61, a quick ratio of 2.68 and a current ratio of 2.68.

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.