Bgin Blockchain Limited (NASDAQ:BGIN) Sees Large Growth in Short Interest

Bgin Blockchain Limited (NASDAQ:BGIN) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 241,932 shares, an increase of 2,464.5% from the September 15th total of 9,434 shares. Based on an average daily trading volume, of 1,174,915 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Bgin Blockchain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bgin Blockchain Stock Performance

NASDAQ:BGIN traded down $0.09 during mid-day trading on Friday, hitting $2.10. 6,285 shares of the stock traded hands, compared to its average volume of 92,001. Bgin Blockchain has a 52 week low of $1.61 and a 52 week high of $6.50. The firm’s 50 day moving average is $1.99 and its two-hundred day moving average is $2.46.

Bgin Blockchain (NASDAQ:BGIN) last issued its earnings results on Friday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $3.69 million for the quarter.

Bgin Blockchain Company Profile