Abits Group Inc. (NASDAQ:ABTS) Sees Significant Growth in Short Interest

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 477,100 shares, an increase of 81.8% from the October 15th total of 262,400 shares. Based on an average trading volume of 94,100 shares, the short-interest ratio is currently 5.1 days. Currently, 1.6% of the shares of the company are sold short.

Abits Group Price Performance

Shares of ABTS stock opened at $0.72 on Wednesday. Abits Group has a fifty-two week low of $0.38 and a fifty-two week high of $1.60. The stock’s 50-day simple moving average is $0.50 and its 200-day simple moving average is $0.55.

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.