CleanSpark sees highest short interest in October among small, mid-cap firms

Bitcoin BTCUSD prices improved but remained under pressure in October, closing in the red in 17 out of 31 trading sessions.

On October 29, prices of the cryptocurrency took a hit after Binance disclosed a security breach that resulted in $6.3B in losses, with the industry pronouncing it the crypto’s biggest-ever hack. Shares of Bitcoin slumped 4.25% to close at $77K, slipping from the $80K mark it had maintained for the month.

Although prices are gradually improving, investors' sentiment remains muted. Betting markets are seeing only a 3% chance of Bitcoin reaching a new record high this year.

Meanwhile, analysts at Wells Fargo noted that going forward, the cryptocurrency’s performance will depend less on supply reductions and more on factors such as adoption, investor demand, regulation, and the broader macroeconomic environment.

Amid Bitcoin’s volatile run, the following is a list of the most and least shorted crypto stocks with market capitalizations of up to $2B.

Most shorted (as a % of shares outstanding)

CleanSpark CLSK; Short Interest: 30.66%

Bitdeer Technologies Group BTDR; Short Interest: 26.43%

Gemini Space Station GEMI; Short Interest: 23.66%

DeFi Development DFDV; Short Interest: 20.38%

Sharplink SBET; Short Interest: 18.48%

Least shorted (as a % of shares outstanding)

Biotricity BTCY; Short Interest: 0.60%

CoinShares CSHR; Short Interest: 0.73%

BitFuFu FUFU; Short Interest: 0.79%

Fold Holdings FLD; Short Interest: 0.90%

Twenty One Capital XXI; Short Interest: 2.21%