Abits Group Inc. (NASDAQ:ABTS – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 44,200 shares, a decline of 29.2% from the August 31st total of 62,400 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 1.3 days. Currently, 3.3% of the shares of the company are short sold. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 1.3 days.
Abits Group Trading Down 0.2%
ABTS opened at $10.12 on Tuesday. Abits Group has a 1-year low of $1.35 and a 1-year high of $14.10. The firm’s 50 day simple moving average is $5.21 and its two-hundred day simple moving average is $4.15.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Abits Group in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Abits Group has an average rating of “Sell”.
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.
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