Bit Brother Limited (NASDAQ: BTB – Get a rating) benefited from significant growth in short-term interest rates in April. As of April 30, there were short interests totaling 66,500 shares, a growth of 121.7% from the total of 30,000 shares as of April 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume of 866,700 shares, the day-to-cover ratio is currently 0.1 day.
Shares of NASDAQ: BTB opened at $0.35 on Friday. Bit Brother has a 12 month minimum of $0.28 and a 12 month maximum of $3.00.
Bit Brother Company Profile (Get a rating)
Bit Brother Limited is engaged in the distribution and retail of specialty tea products in the People’s Republic of China and the United States. The Company offers tea drinks, including fresh milk tea, fruit tea, milk tea, etc. light meals including salads, sandwiches, pastas, steaks, burritos and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, ice cream cakes, etc.
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