Abits Group Inc. (NASDAQ:ABTS) Sees Large Decline in Short Interest

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 379,300 shares, a decline of 10.5% from the January 15th total of 423,700 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 209,100 shares, the days-to-cover ratio is currently 1.8 days.

Abits Group Trading Up 1.4 %

ABTS opened at $0.43 on Monday. Abits Group has a one year low of $0.38 and a one year high of $1.06. The business’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.52.

Abits Group Company Profile

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.