Could BTL GROUP LTD ORDINARY SHARES CANADA (OTCMKTS:BTLLF) Go Down After Its Newest Short Interest Report?

May 18, 2018 - By Peter Erickson


The stock of BTL GROUP LTD ORDINARY SHARES CANADA (OTCMKTS:BTLLF) registered a decrease of 0.34% in short interest. BTLLF’s total short interest was 87,400 shares in May as published by FINRA. Its down 0.34% from 87,700 shares, reported previously. With 68,200 shares average volume, it will take short sellers 1 days to cover their BTLLF’s short positions. The short interest to BTL GROUP LTD ORDINARY SHARES CANADA’s float is 0.54%.

The stock decreased 2.47% or $0.12 during the last trading session, reaching $4.73. About 5,210 shares traded. BTL Group Ltd (OTCMKTS:BTLLF) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

BTL Group Ltd., a technology company, focuses on developing blockchain technologies for businesses across various industries. The company has market cap of $111.29 million. The companyÂ’s Interbit is a secure multi-chain technology platform that allows enterprises to build their own applications focusing on trading, settlement, remittance, audit, and back-office processes. It currently has negative earnings. The Company’s technology platform is a remittance business, known as Xapcash, which, combined with its proprietary technology, Interbit, is focused on leveraging blockchain technology to create ‘cash-in cash-outÂ’ settlement solutions from Canada and the United Kingdom to target countries.

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