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How Are Things Looking For Bit Brother Limited (NASDAQ: BTB) For The Short Term?

Bit Brother Limited (NASDAQ:BTB) traded at $2.34 at close of the session on Monday, 01/23/23, made an upward move of 3.08% on its previous day’s price.

Looking at the stock we see that its previous close was $2.27 and the beta (5Y monthly) reads 1.46 with the day’s price range being $2.22 – $2.49. In terms of its 52-week price range, BTB has a high of $12.00 and a low of $1.62. The company’s stock has lost about -78.39% over that past 30 days.

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Bit Brother Limited has a market cap of $16.71 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BTB stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -73.58% off its SMA20 and -63.35% from its 50-day simple moving average. The RSI (14) is pointing at 28.83 while the volatility over the past week is 51.95% and jumps to 22.80% over the past one month. The beta value is 1.10, while the average true range (ATR) is currently pointing at 1.58.

Coming back to Bit Brother Limited (NASDAQ:BTB), we note that the average 3-month trading volume was 654.10K, while that of the preceding 10-day period stands at 3.25 million. Current shares outstanding are 79.39 million.

The insiders hold 0.10% of the company’s shares while institutions hold 0.20%. The data shows that short shares as of Oct 13, 2022, stood at 1.16 million at a short ratio of 0.12. This represents a 1.14% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 0.11 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -77.99% down in year-to-date price movement.

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