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

Abits Group Inc. (NASDAQ:ABTS) was the target of a large growth in short interest in 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 trading volume, of 253,900 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock are short sold.

Abits Group Price Performance

Abits Group stock opened at $0.51 on Friday. Abits Group has a 1-year low of $0.38 and a 1-year high of $1.13. The company’s 50-day moving average is $0.56 and its 200 day moving average is $0.52.

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.