Bit Brother (NASDAQ:BTB) Shares Down 12.4%

Shares of Bit Brother Limited (NASDAQ:BTB) were down 12.4% on Wednesday . The company traded as low as $0.42 and last traded at $0.53. Approximately 98,461 shares traded hands during trading, a decline of 87% from the average daily volume of 731,044 shares. The stock had previously closed at $0.61.

Bit Brother Stock Performance

The business has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bit Brother stock. Walleye Capital LLC boosted its position in Bit Brother Limited (NASDAQ:BTB) by 35.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,528 shares of the company’s stock after purchasing an additional 101,514 shares during the quarter. Walleye Capital LLC’s holdings in Bit Brother were worth $209,000 at the end of the most recent reporting period.

Bit Brother Company Profile

Bit Brother Limited engages in the specialty tea product distribution and retail business in the People's Republic of China and the United States. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, frosting cakes, etc.