Bgin Blockchain Limited (NASDAQ:BGIN) Short Interest Update

Bgin Blockchain Limited (NASDAQ:BGIN) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 21,650 shares, a drop of 50.1% from the April 15th total of 43,412 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 33,081 shares, the short-interest ratio is currently 0.7 days.

Bgin Blockchain Price Performance

Shares of NASDAQ:BGIN traded up $0.12 during mid-day trading on Friday, reaching $3.71. The stock had a trading volume of 18,295 shares, compared to its average volume of 36,152. The stock has a 50 day moving average of $3.14. Bgin Blockchain has a twelve month low of $2.08 and a twelve month high of $6.50.

Bgin Blockchain (NASDAQ:BGIN) last announced its quarterly earnings results on Friday, April 24th. The company reported $999.00 earnings per share for the quarter.

Institutional Trading of Bgin Blockchain

A hedge fund recently bought a new stake in Bgin Blockchain stock. Geode Capital Management LLC bought a new position in shares of Bgin Blockchain Limited (NASDAQ:BGIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,570 shares of the company’s stock, valued at approximately $144,000. Geode Capital Management LLC owned approximately 0.05% of Bgin Blockchain as of its most recent filing with the Securities and Exchange Commission.

About Bgin Blockchain

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.