BIT Mining Limited (NYSE:BTCM – Get Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,450,000 shares, a growth of 8.2% from the August 15th total of 1,340,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.7% of the company’s shares are short sold.
BIT Mining Price Performance
NYSE:BTCM opened at $0.32 on Tuesday. BIT Mining has a fifty-two week low of $0.30 and a fifty-two week high of $10.60. The stock’s 50-day moving average is $0.55 and its two-hundred day moving average is $1.44. The stock has a market cap of $33.74 million, a PE ratio of -0.33 and a beta of 2.57.
BIT Mining (NYSE:BTCM – Get Rating) last released its earnings results on Friday, August 19th. The company reported ($0.29) earnings per share for the quarter. BIT Mining had a negative net margin of 4.97% and a negative return on equity of 31.23%. The business had revenue of $195.52 million for the quarter.
Institutional Investors Weigh In On BIT Mining
BIT Mining Company Profile
BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 150 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines.
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