Short Interest in Bitcoin Group SE (OTCMKTS:BTGGF) Drops By 20.6%

Bitcoin Group SE (OTCMKTS:BTGGF) experienced a notable reduction in short interest during the month of January. As of January 31st, the total short interest was reported at 5,400 shares, marking a decrease of 20.6% from the figure of 6,800 shares reported on January 15th. Given the average daily trading volume is currently 0 shares, the short-interest ratio is effectively ∞ days.

Bitcoin Group Stock Overview

On Friday, shares of Bitcoin Group SE remained unchanged at $63.22. The company holds a fifty-day simple moving average of $63.22 and a two-hundred-day simple moving average of $62.15. Over the past year, Bitcoin Group has maintained a consistent position, evidenced by both its twelve-month low and high being $63.22.

Company Background

Bitcoin Group SE operates as an investment holding company focusing on the cryptocurrency and blockchain sectors globally. It manages a trading platform for the digital currency Bitcoin, notably recognized as Bitcoin.de, and also provides various financial services. Founded in 2008, the company is headquartered in Herford, Germany.

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This news overview was assembled using narrative science technology based on financial data to ensure swift and accurate reporting.

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Bitcoin, Stocks, Investment