Abits Group Inc. (NASDAQ:ABTS) Short Interest Update

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 336,400 shares, a growth of 16.7% from the December 15th total of 288,300 shares. Based on an average daily volume of 253,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are sold short.

Abits Group Stock Performance

Shares of NASDAQ:ABTS opened at $0.56 on Friday. The business has a fifty day moving average price of $0.56 and a two-hundred day moving average price of $0.52. Abits Group has a 1 year low of $0.38 and a 1 year high of $1.13.

Abits Group Company Profile

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.