BIT Mining Limited (NYSE:BTCM) Sees Large Drop in Short Interest

BIT Mining Limited ( NYSE:BTCM – Get Free Report ) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 129,300 shares, a drop of 28.6% from the August 31st total of 181,000 shares.

Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 63,400 shares, the short-interest ratio is currently 2.



0 days. BIT Mining Stock Performance NYSE BTCM traded up $0.05 on Friday, reaching $2.

36. The company had a trading volume of 38,362 shares, compared to its average volume of 108,646. The company’s fifty day moving average is $2.

37 and its 200-day moving average is $2.63. The firm has a market capitalization of $26.

22 million, a price-to-earnings ratio of -1.80 and a beta of 2.52.

BIT Mining has a 1-year low of $1.79 and a 1-year high of $6.95.

Institutional Inflows and Outflows An institutional investor recently bought a new position in BIT Mining stock. XTX Topco Ltd acquired a new stake in BIT Mining Limited ( NYSE:BTCM – Free Report ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,288 shares of the company’s stock, valued at approximately $59,000.

XTX Topco Ltd owned approximately 0.20% of BIT Mining at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.

34% of the company’s stock. About BIT Mining BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining.

It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. Read More Receive News & Ratings for BIT Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BIT Mining and related companies with MarketBeat.

com's FREE daily email newsletter ..