Bit Origin Ltd (NASDAQ:BTOG) Sees Significant Decline in Short Interest

Bit Origin Ltd (NASDAQ:BTOG) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 91,500 shares, a decrease of 29.5% from the October 15th total of 129,800 shares. Based on an average trading volume of 52,800 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the company’s stock are sold short.

Institutional Trading of Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd purchased a new stake in Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.16% of Bit Origin as of its most recent filing with the SEC. 1.07% of the stock is currently owned by institutional investors and hedge funds.

Bit Origin Stock Down 8.1 %

Bit Origin stock traded down $0.12 during midday trading on Friday, hitting $1.37. 179,119 shares of the company’s stock were exchanged, compared to its average volume of 293,814. Bit Origin has a 12 month low of $1.28 and a 12 month high of $9.71. The firm has a 50-day moving average of $2.09 and a two-hundred day moving average of $2.59.

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.