Bit Origin Plunges 16.85% Amid Legal Hearing, Short Interest

On May 19, 2025, Bit Origin's stock experienced a significant drop of 16.85% in pre-market trading, reflecting a notable decline in investor sentiment.

Bit Origin Ltd has announced a court hearing scheduled for June 5, 2025, to address a share capital reduction. This legal proceeding could have implications for the company's financial structure and investor confidence, potentially contributing to the recent stock price volatility.

Additionally, Bit Origin has a short interest of 1.19 million shares, representing 16.67% of the float. This high level of short interest indicates that a significant portion of the available shares are being sold short, which can exacerbate downward pressure on the stock price.