Abits Group Inc. (NASDAQ:ABTS) Sees Significant Increase in Short Interest

Abits Group Inc. (NASDAQ:ABTS) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 336,400 shares, a growth of 16.7% from the December 15th total of 288,300 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 253,900 shares, the days-to-cover ratio is currently 1.3 days.

Abits Group Trading Up 4.0 %

Shares of ABTS stock opened at $0.51 on Friday. The company has a 50 day moving average price of $0.56 and a 200-day moving average price of $0.52. Abits Group has a 52 week low of $0.38 and a 52 week high of $1.13.

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.