Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Decreases By 24.7%

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 502,100 shares, a decrease of 24.7% from the January 31st total of 667,000 shares. Based on an average trading volume of 2,270,000 shares, the short-interest ratio is presently 0.2 days. Approximately 11.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. acquired a new stake in shares of BTC Digital in the fourth quarter valued at about $113,000. Renaissance Technologies LLC purchased a new position in BTC Digital in the fourth quarter valued at about $975,000. Finally, Two Sigma Investments LP acquired a new stake in shares of BTC Digital during the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 7.32% of the company’s stock.

BTC Digital Stock Down 2.1 %

BTC Digital stock traded down $0.09 during mid-day trading on Tuesday, reaching $4.22. 1,358,406 shares of the company were exchanged, compared to its average volume of 3,111,109. The firm’s 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $5.18. BTC Digital has a twelve month low of $1.32 and a twelve month high of $26.58.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.