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BTCM Stock BIT Mining Limited – Short Squeeze Potential – Higher Borrow Rate
BTCM Stock closed around $10.22 per share on September 22, 2021. The stock has been heavily shorted and very inconstant in the market. BTCM has a higher borrowing rate and it is very tough to borrow the shares, which can lead to some short squeeze potential.
BTCM stock had a 52 week high of $35 per share and 52 week low of $2.54 per share. Currently, the stock is trading x3 from its 52-week low price of $2.54 per share.
BTCM Short Data:
|Short Interest||4,984,267 shares|
|Short Interest Ratio||2.29 Days to Cover|
|Short Interest % Float||18.70%|