BTC Digital Ltd. (NASDAQ:BTCT) Short Interest Down 59.0% in December

BTC Digital Ltd. (NASDAQ:BTCT) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 133,700 shares, a drop of 59.0% from the November 30th total of 326,100 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,790,000 shares, the days-to-cover ratio is presently 0.0 days.

BTC Digital Stock Down 4.5 %

Shares of BTCT stock traded down $0.23 during trading hours on Friday, hitting $4.88. The company’s stock had a trading volume of 274,499 shares, compared to its average volume of 1,009,820. The company has a 50 day moving average of $8.30 and a 200 day moving average of $4.03. BTC Digital has a 12-month low of $1.32 and a 12-month high of $26.58.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.