A Reversal for BLOCKCHAIN MINING LTD. AMERICAN DEPOSITA (OTCMKTS:BITFY) Is Not Near. The Stock Has Rise in Shorts

May 17, 2018 - By James Guidry

The stock of BLOCKCHAIN MINING LTD. AMERICAN DEPOSITA (OTCMKTS:BITFY) registered an increase of 472.73% in short interest. BITFY’s total short interest was 6,300 shares in May as published by FINRA. Its up 472.73% from 1,100 shares, reported previously. With 6,100 shares average volume, it will take short sellers 1 days to cover their BITFY’s short positions.

It closed at $8.39 lastly. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Blockchain Mining Ltd. acquires natural resource properties. The company has market cap of $156.34 million. The firm explores for iron, gold, silver, zinc, and lead deposits in Canada and the United States. It has a 21.74 P/E ratio. The Company’s principal projects include the Suni iron ore deposit located in Ontario, Canada; and the Hidden lake gold Mine in Nevada.

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