BIT-X FINANCIAL CORPORATION (OTCMKTS:BITXF) Shorted Shares Increased 1988.89% After Market Selling

The stock of BIT-X FINANCIAL CORPORATION (OTCMKTS:BITXF) registered an increase of 1988.89% in short interest. BITXF’s total short interest was 18,800 shares in March as published by FINRA. Its up 1988.89% from 900 shares, reported previously. With 208,800 shares average volume, it will take short sellers 0 days to cover their BITXF’s short positions. The stock is down 11.11% or $0.01 after the news, hitting $0.08 per share. About 289,418 shares traded hands or 16.37% up from the average. Bit-X Financial Corp (OTCMKTS:BITXF) has declined 52.38% since August 12, 2015 and is downtrending. It has underperformed by 50.20% the S&P500.

Bit-X Financial Corp, formerly Rainchief Energy Inc., is engaged in the crypto-currency exchange business. The company has a market cap of $6.05 million. The Firm has entered into a development services agreement with Hong Kong ANX to build the site and provide ongoing technical services. It currently has negative earnings. The Firm is a reporting issuer in the Province of British Columbia with the British Columbia Securities Commission, BCSC.

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