Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 23,910,000 shares, a growth of 18.0% from the August 31st total of 20,260,000 shares. Based on an average trading volume of 11,960,000 shares, the short-interest ratio is currently 2.0 days.
Bit Digital Stock Down 3.6 %
BTBT stock traded down $0.13 during trading on Monday, hitting $3.51. The company had a trading volume of 7,099,765 shares, compared to its average volume of 9,082,405. The firm has a 50-day moving average price of $3.22 and a 200-day moving average price of $2.84. The firm has a market cap of $289.52 million, a PE ratio of 11.93 and a beta of 4.78. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.27.
Bit Digital (NASDAQ:BTBT – Get Free Report) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Bit Digital had a negative return on equity of 1.48% and a net margin of 33.30%. The business had revenue of $28.95 million during the quarter, compared to analysts’ expectations of $26.63 million. Sell-side analysts anticipate that Bit Digital will post -0.02 earnings per share for the current year.
Institutional Investors Weigh In On Bit Digital
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Bit Digital in a research report on Wednesday, August 21st.
Check Out Our Latest Stock Report on Bit Digital
About Bit Digital
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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