Abits Group Inc. (NASDAQ:ABTS) Short Interest Down 26.2% in November

Abits Group Inc. (NASDAQ:ABTS) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 352,100 shares, a decline of 26.2% from the October 31st total of 477,100 shares. Based on an average daily volume of 111,700 shares, the short-interest ratio is presently 3.2 days. Approximately 1.2% of the company’s shares are short sold.

Abits Group Stock Up 5.0 %

Abits Group stock opened at $0.62 on Friday. Abits Group has a 12-month low of $0.38 and a 12-month high of $1.60. The firm’s fifty day moving average price is $0.53 and its 200 day moving average price is $0.54.

About Abits Group

Abits Group Inc operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc in November 2023. Abits Group Inc was incorporated in 2021 and is based in Causeway Bay, Hong Kong.