Bit Brother (NASDAQ:BTB) Trading Down 12.4%

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

Bit Brother Trading Up 3.8 %

The business’s fifty day moving average is $1.58 and its two-hundred day moving average is $1.20.

Institutional Investors Weigh In On Bit Brother

An institutional investor recently raised its position in Bit Brother stock. Walleye Capital LLC increased its position in shares of Bit Brother Limited (NASDAQ:BTB) by 35.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,528 shares of the company’s stock after acquiring an additional 101,514 shares during the quarter. Walleye Capital LLC’s holdings in Bit Brother were worth $209,000 as of its most recent SEC filing.

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.