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Bit Digital (BTBT) Short Interest Ratio & Short Volume

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$3.35 -0.04 (-1.18%)
(As of 12/20/2024 05:45 PM ET)

Bit Digital Short Interest Data

Bit Digital (BTBT) has a short interest of 28.51 million shares. This marks a 7.83% increase in short interest from the previous month. The short interest ratio (days to cover) is 1.9, indicating that it would take 1.9 days of the average trading volume of 11.05 million shares to cover all short positions.

Current Short Interest
28,510,000 shares
Previous Short Interest
26,440,000 shares
Change Vs. Previous Month
+7.83%
Dollar Volume Sold Short
$131.43 million
Short Interest Ratio
1.9 Days to Cover
Last Record Date
November 30, 2024
Outstanding Shares
82,480,000 shares
Percentage of Shares Shorted
34.57%
Today's Trading Volume
19,651,697 shares
Average Trading Volume
11,050,679 shares
Today's Volume Vs. Average
178%
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BTBT Short Interest Over Time

BTBT Days to Cover Over Time

BTBT Percentage of Float Shorted Over Time

Bit Digital Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
11/30/202428,510,000 shares $131.43 million +7.8%N/A1.9 $4.61
11/15/202426,440,000 shares $112.90 million +2.9%N/A2 $4.27
10/31/202425,690,000 shares $97.88 million -3.0%N/A2.3 $3.81
10/15/202426,480,000 shares $94.27 million +2.1%N/A2.7 $3.56
9/30/202425,940,000 shares $91.05 million +8.5%N/A2.5 $3.51
9/15/202423,910,000 shares $68.62 million +18.0%N/A2 $2.87
8/31/202420,260,000 shares $65.24 million -0.7%N/A1.7 $3.22
8/15/202420,400,000 shares $58.34 million -8.1%N/A1.8 $2.86
7/31/202422,190,000 shares $84.54 million -3.8%N/A2.1 $3.81
7/15/202423,060,000 shares $96.85 million +0.9%N/A2.5 $4.20
6/30/202422,860,000 shares $72.69 million +14.5%N/A2.8 $3.18
6/15/202419,970,000 shares $53.32 million -2.9%N/A2.7 $2.67
5/31/202420,570,000 shares $51.01 million -6.2%N/A3.1 $2.48
5/15/202421,920,000 shares $51.95 million -1.2%N/A3.1 $2.37
4/30/202422,180,000 shares $45.14 million +6.9%N/A2.9 $2.04
4/15/202420,750,000 shares $39.01 million +14.5%N/A2.7 $1.88
3/31/202418,130,000 shares $52.03 million +14.0%N/A2.2 $2.87
3/15/202415,910,000 shares $35.16 million -1.3%N/A1.7 $2.21
2/29/202416,120,000 shares $41.91 million +37.9%N/A1.7 $2.60
2/15/202411,690,000 shares $36.12 million -9.1%N/A1.3 $3.09
1/31/202412,860,000 shares $33.95 million -28.0%N/A1.6 $2.64
1/15/202417,870,000 shares $52.18 million +17.1%N/A2.3 $2.92
12/31/202315,260,000 shares $64.55 million +3.4%N/A2.2 $4.23
12/15/202314,760,000 shares $47.23 million +19.0%N/A2.7 $3.20
11/30/202312,400,000 shares $31.99 million -4.7%N/A3.1 $2.58
11/15/202313,010,000 shares $29.14 million -0.8%N/A4 $2.24
10/31/202313,120,000 shares $27.55 million +18.1%N/A4.3 $2.10
10/15/202311,110,000 shares $22.33 million +3.5%N/A3.4 $2.01
9/30/202310,730,000 shares $22.96 million -1.4%N/A3.1 $2.14
9/15/202310,880,000 shares $24.81 million -1.5%N/A2.6 $2.28
8/31/202311,040,000 shares $25.94 million -2.3%N/A2.2 $2.35
8/15/202311,300,000 shares $36.73 million +13.1%N/A2.2 $3.25
7/31/20239,990,000 shares $44.26 million -14.7%N/A1.9 $4.43
7/15/202311,710,000 shares $48.13 million -2.9%N/A2.4 $4.11
6/30/202312,060,000 shares $48.96 million +30.7%N/A2.5 $4.06
6/15/20239,230,000 shares $28.71 million +6.5%N/A2.3 $3.11
5/31/20238,670,000 shares $29.39 million -3.7%N/A2.8 $3.39
5/15/20239,000,000 shares $19.71 million -11.2%N/A3.6 $2.19
4/30/202310,130,000 shares $20.06 million +2.4%N/A4.4 $1.98
4/15/20239,890,000 shares $19.38 million +0.3%N/A4.3 $1.96
Why I'm telling friends to avoid gold stocks (Ad)

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.
3/31/20239,860,000 shares $15.18 million +11.7%N/A4 $1.54
3/15/20238,830,000 shares $10.42 million +5.6%N/A4 $1.18
2/28/20238,360,000 shares $10.53 million +18.8%N/A4.3 $1.26
2/15/20237,040,000 shares $10.84 million +4.5%N/A3.6 $1.54
1/31/20236,740,000 shares $9.71 million +24.6%N/A3.6 $1.44
1/15/20235,410,000 shares $6.38 million +14.6%N/A3.3 $1.18
12/30/20224,720,000 shares $2.83 million +2.4%N/A4.3 $0.60
12/15/20224,610,000 shares $3.18 million -3.0%N/A4.7 $0.69
11/30/20224,750,000 shares $4.36 million -10.0%N/A4.4 $0.92
11/15/20225,280,000 shares $6.39 million +22.2%N/A4.4 $1.21
10/31/20224,320,000 shares $4.58 million -10.9%N/A3.1 $1.06
10/15/20224,850,000 shares $5.00 million +2.5%N/A2.6 $1.03
9/30/20224,730,000 shares $5.68 million -4.1%N/A2.2 $1.20
9/15/20224,930,000 shares $7.15 million -3.3%N/A2.2 $1.45
8/31/20225,100,000 shares $7.55 million -5.0%N/A2.1 $1.48
8/15/20225,370,000 shares $10.53 million -23.3%N/A2.1 $1.96
7/31/20227,000,000 shares $9.73 million +2.0%N/A2.6 $1.39
7/15/20226,860,000 shares $11.11 million -5.4%N/A2.6 $1.62
6/30/20227,250,000 shares $9.50 million -2.6%N/A2.7 $1.31
6/15/20227,440,000 shares $9.90 million -4.1%N/A2.5 $1.33
5/31/20227,760,000 shares $13.81 million +4.2%N/A2.5 $1.78
5/15/20227,450,000 shares $12.81 million -9.6%N/A2.2 $1.72
4/30/20228,240,000 shares $16.73 million -9.7%20.3%2.2 $2.03
4/15/20229,120,000 shares $25.08 million -2.4%24.0%2.2 $2.75
3/31/20229,340,000 shares $33.62 million -1.1%25.7%2.4 $3.60
3/15/20229,440,000 shares $27.00 million -0.2%26.0%2.5 $2.86
2/28/20229,460,000 shares $37.18 million +5.1%26.1%2.6 $3.93
2/15/20229,000,000 shares $41.31 million +1.7%24.8%2.6 $4.59
1/31/20228,850,000 shares $33.45 million +6.8%24.5%2.5 $3.78
1/15/20228,290,000 shares $48.33 million -25.7%23.0%2.3 $5.83
12/31/202111,150,000 shares $67.79 million +44.2%31.0%2.1 $6.08
12/15/20217,730,000 shares $56.43 million -14.0%21.5%0.9 $7.30
11/30/20218,990,000 shares $88.46 million -1.8%32.9%1 $9.84
11/15/20219,150,000 shares $105.41 million +7.7%33.5%0.9 $11.52
10/29/20218,500,000 shares $121.13 million -25.2%31.2%0.7 $14.25
10/15/202111,370,000 shares $127.57 million +199.2%52.5%0.6 $11.22
9/30/20213,800,000 shares $27.47 million -24.9%17.6%0.2 $7.23
9/15/20215,060,000 shares $51.61 million +23.4%23.4%0.3 $10.20
8/31/20214,100,000 shares $52.56 million -10.9%24.1%0.2 $12.82
8/13/20214,600,000 shares $62.42 million -23.7%27.0%0.3 $13.57
7/30/20216,030,000 shares $54.27 million +171.6%40.3%0.4 $9.00
7/15/20212,220,000 shares $11.37 million +13.9%14.8%1 $5.12
6/30/20211,950,000 shares $13.34 million +4.3%13.0%0.7 $6.84
6/15/20211,870,000 shares $16.10 million +31.7%N/A0.7 $8.61
5/28/20211,420,000 shares $12.00 million +15.5%N/A0.6 $8.45
5/14/20211,230,000 shares $11.69 million -1.6%N/A0.6 $9.50
4/30/20211,250,000 shares $16.63 million -18.8%3.3%0.4 $13.30
4/15/20211,540,000 shares $21.95 million +60.6%4.0%0.5 $14.25
3/31/2021959,200 shares $14.00 million +27.2%2.5%0.2 $14.60
3/15/2021754,200 shares $13.57 million +44.0%2.1%0.1 $17.99
Why I'm telling friends to avoid gold stocks (Ad)

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.
2/26/2021523,800 shares $8.06 million -47.3%1.4%0.1 $15.39
2/12/2021993,200 shares $24.28 million -3.6%2.7%0.1 $24.45
1/29/20211,030,000 shares $20.13 million -25.9%2.9%0.1 $19.54
1/15/20211,390,000 shares $25.19 million No Change3.9%0.2 $18.12

BTBT Short Interest - Frequently Asked Questions

What is Bit Digital's current short interest?

Short interest is the volume of Bit Digital shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 28,510,000 shares of BTBT short. Learn More on Bit Digital's current short interest.

What is a good short interest ratio for Bit Digital?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BTBT shares currently have a short interest ratio of 2.0. Learn More on Bit Digital's short interest ratio.

Which institutional investors are shorting Bit Digital?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Bit Digital: Jane Street Group LLC, Wolverine Trading LLC, and Parallax Volatility Advisers L.P.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Bit Digital's short interest increasing or decreasing?

Bit Digital saw a increase in short interest in November. As of November 30th, there was short interest totaling 28,510,000 shares, an increase of 7.8% from the previous total of 26,440,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does Bit Digital's short interest compare to its competitors?

Here is how the short interest of companies in the industry of "banking" compare to Bit Digital: Grupo Supervielle S.A. (1.14%), Byline Bancorp, Inc. (1.94%), The First Bancshares, Inc. (1.49%), Coastal Financial Co. (2.94%), Sprott Inc. (0.57%), Amalgamated Financial Corp. (4.44%), Bank First Co. (1.57%), Burke & Herbert Financial Services Corp. (0.70%), ConnectOne Bancorp, Inc. (1.79%), Premier Financial Corp. (1.41%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

What does it mean to sell short Bit Digital stock?

Short selling BTBT is an investing strategy that aims to generate trading profit from Bit Digital as its price is falling. BTBT shares are trading down $0.04 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Bit Digital?

A short squeeze for Bit Digital occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BTBT, which in turn drives the price of the stock up even further.

How often is Bit Digital's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BTBT, twice per month. The most recent reporting period available is November, 30 2024.




This page (NASDAQ:BTBT) was last updated on 12/21/2024 by MarketBeat.com Staff
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