Abits Group Inc. (NASDAQ:ABTS) Short Interest Up 6.1% in October

Abits Group Inc. (NASDAQ:ABTS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 262,400 shares, an increase of 6.1% from the September 30th total of 247,300 shares. Based on an average daily trading volume, of 31,800 shares, the short-interest ratio is currently 8.3 days. Approximately 0.9% of the company’s shares are sold short.

Abits Group Price Performance

NASDAQ:ABTS opened at $0.55 on Thursday. Abits Group has a fifty-two week low of $0.38 and a fifty-two week high of $1.60. The business has a 50 day moving average price of $0.48 and a 200-day moving average price of $0.57.

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.