BTCS Inc. (NASDAQ:BTCS) Short Interest Up 2,540.4% in November

BTCS Inc. (NASDAQ:BTCS) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,740,000 shares, an increase of 2,540.4% from the October 31st total of 65,900 shares. Based on an average daily trading volume, of 2,830,000 shares, the short-interest ratio is presently 0.6 days. Approximately 18.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of BTCS in a research report on Thursday, August 22nd.

Insider Transactions at BTCS

In other news, Director Melanie Pump sold 22,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.49, for a total transaction of $76,780.00. Following the transaction, the director now owns 38,735 shares in the company, valued at $135,185.15. This represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 44.30% of the company’s stock.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Heron Bay Capital Management acquired a new position in shares of BTCS Inc. (NASDAQ:BTCS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned approximately 0.28% of BTCS at the end of the most recent quarter. 3.48% of the stock is currently owned by hedge funds and other institutional investors.

BTCS Stock Up 11.5 %

Shares of BTCS stock opened at $3.77 on Thursday. The firm has a market cap of $64.18 million, a PE ratio of 9.20 and a beta of 1.55. BTCS has a twelve month low of $0.95 and a twelve month high of $5.41. The business has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.56.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.