Bit Origin Ltd (NASDAQ:BTOG) Sees Large Growth in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 541,400 shares, an increase of 991.5% from the February 13th total of 49,600 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average daily volume of 19,640,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. XTX Topco Ltd acquired a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.16% of Bit Origin at the end of the most recent reporting period. Institutional investors and hedge funds own 1.07% of the company’s stock.

Bit Origin Trading Down 26.0 %

NASDAQ BTOG opened at $0.27 on Friday. The stock has a 50-day simple moving average of $0.54 and a two-hundred day simple moving average of $1.31. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.61. Bit Origin has a fifty-two week low of $0.16 and a fifty-two week high of $6.04.

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.