Bit Brother (NASDAQ:BTB) Trading Down 12.4%

Bit Brother Limited (NASDAQ:BTB) shares traded down 12.4% during mid-day trading on Wednesday . The stock traded as low as $0.42 and last traded at $0.53. 98,461 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 731,044 shares. The stock had previously closed at $0.61.

Bit Brother Price Performance

The firm’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $1.20.

Hedge Funds Weigh In On Bit Brother

An institutional investor recently raised its position in Bit Brother stock. Walleye Capital LLC lifted its stake in shares of Bit Brother Limited (NASDAQ:BTB) by 35.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 387,528 shares of the company’s stock after purchasing an additional 101,514 shares during the quarter. Walleye Capital LLC’s holdings in Bit Brother were worth $209,000 at the end of the most recent quarter.

Bit Brother Company Profile

Bit Brother Limited engages in the specialty tea product distribution and retail business in the People's Republic of China and the United States. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, frosting cakes, etc.