Bit Digital (BTBT) Short Interest Ratio & Short Volume

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 March 31st, investors have sold 18,130,000 shares of BTBT short. Learn More on Bit Digital's current short interest.

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.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Bit Digital: IMC Chicago LLC, GTS Securities LLC, Wolverine Trading LLC, Citadel Advisors LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Bit Digital saw a increase in short interest in March. As of March 31st, there was short interest totaling 18,130,000 shares, an increase of 14.0% from the previous total of 15,910,000 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.

Here is how the short interest of companies in the sector of "business services" compare to Bit Digital: Bakkt Holdings, Inc. (15.95%), OppFi Inc. (6.96%), SOS Limited (0.08%), Green Dot Co. (5.03%), CompoSecure, Inc. (22.23%), Pagaya Technologies Ltd. (6.53%), RCM Technologies, Inc. (5.41%), Amprius Technologies, Inc. (10.18%), Arrowroot Acquisition Corp. (0.23%), 374Water Inc. (6.54%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

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 up $0.12 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.

A short squeeze for Bit Digital occurs when it has a large amount of short interest and its stock appreciates 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.

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 March, 31 2024.