Short Interest in Osprey Bitcoin Trust (OTCMKTS:OBTC) Expands By 72.7%

Osprey Bitcoin Trust (OTCMKTS:OBTC) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 6,789 shares, a growth of 72.7% from the November 30th total of 3,931 shares. Based on an average daily volume of 76,570 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 76,570 shares, the short-interest ratio is presently 0.1 days.

Osprey Bitcoin Trust Trading Up 0.5%

Shares of Osprey Bitcoin Trust stock traded up $0.15 during mid-day trading on Friday, reaching $28.20. 31,670 shares of the stock were exchanged, compared to its average volume of 18,615. Osprey Bitcoin Trust has a fifty-two week low of $21.32 and a fifty-two week high of $37.70. The firm has a 50-day simple moving average of $29.45 and a 200 day simple moving average of $31.79.

Osprey Bitcoin Trust (OTCMKTS:OBTC) is an investment vehicle designed to provide investors with exposure to the price of bitcoin through a traditional brokerage account. The trust holds bitcoin, and its shares represent fractional ownership of the digital asset, allowing investors to gain price exposure without directly purchasing or storing cryptocurrency. Shares of the trust trade on the OTC Markets under the ticker OBTC, offering intraday liquidity and the familiarity of a stock-like investment format.

The trust is structured as a Delaware statutory trust, with bitcoin custody services provided by a regulated third-party custodian.