Bit Origin Ltd (NASDAQ:BTOG) Short Interest Update

Bit Origin Ltd (NASDAQ:BTOG) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 287,400 shares, a drop of 49.2% from the March 15th total of 565,600 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 30,410,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. XTX Topco Ltd purchased a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.16% of Bit Origin as of its most recent filing with the Securities and Exchange Commission. 1.07% of the stock is owned by institutional investors and hedge funds.

Bit Origin Stock Down 3.4 %

Bit Origin stock opened at $0.13 on Friday. The firm has a 50-day moving average price of $0.29 and a two-hundred day moving average price of $0.97. Bit Origin has a 52-week low of $0.12 and a 52-week high of $5.73. The company has a debt-to-equity ratio of 3.61, a current ratio of 2.68 and a quick ratio of 2.68.

About Bit Origin

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.