Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

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

Institutional Investors Weigh In On Bit Origin

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

Bit Origin Stock Performance

Shares of NASDAQ BTOG opened at $0.48 on Wednesday. Bit Origin has a 1 year low of $0.40 and a 1 year high of $6.39. The firm has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $1.48. The company has a debt-to-equity ratio of 3.61, a current ratio of 2.68 and a quick 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.