Short Interest in Bit Origin Ltd (NASDAQ:BTOG) Expands By 8.0%

Bit Origin Ltd (NASDAQ:BTOG) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 357,800 shares, a growth of 8.0% from the May 15th total of 331,200 shares. Based on an average daily trading volume, of 260,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 7.3% of the company’s stock are short sold.

Bit Origin Stock Up 6.7 %

BTOG stock opened at $4.80 on Wednesday. The company has a fifty day moving average price of $3.63 and a two-hundred day moving average price of $4.22. Bit Origin has a one year low of $1.33 and a one year high of $9.71.

Hedge Funds Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC acquired a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.34% of Bit Origin at the end of the most recent reporting period. 1.07% of the stock is owned by hedge funds and other institutional investors.

Bit Origin Company Profile

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.