Bit Origin Limited (NASDAQ:BTOG) Short Interest Down 41.8% in December

Bit Origin Limited (NASDAQ:BTOG) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 218,935 shares, a decrease of 41.8% from the December 15th total of 376,013 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,464,558 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,464,558 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Bit Origin Price Performance

Bit Origin stock opened at $0.09 on Friday. The company’s 50-day moving average price is $0.23 and its two-hundred day moving average price is $0.34. Bit Origin has a twelve month low of $0.08 and a twelve month high of $1.01.

Shares of Bit Origin are going to reverse split on Tuesday, January 20th. The 1-60 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BTOG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Bit Origin in a research report on Monday, December 22nd. Wall Street Zen upgraded Bit Origin to a “sell” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Bit Origin Company Profile

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.