Abits Group Inc. (NASDAQ:ABTS) Short Interest Up 27.3% in March

Abits Group Inc. (NASDAQ:ABTSGet Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 28,900 shares, an increase of 27.3% from the February 28th total of 22,700 shares. Based on an average daily volume of 21,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.5% of the company’s stock are sold short.

Abits Group Stock Performance

Shares of ABTS opened at $2.69 on Wednesday. Abits Group has a 12 month low of $2.44 and a 12 month high of $14.10. The firm has a fifty day simple moving average of $5.48 and a 200 day simple moving average of $7.09.

Abits Group Company Profile

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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.

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