Short Sellers Have Big Stakes for 2018 in Stocks Tracking Bitcoin, Cryptocurrency and Blockchain

Print Email

Riot Blockchain Inc. (NASDAQ: RIOT) used to be known as Bioptix and used to be in the world of biotech and biohealth before changing to investing in the blockchain ecosystem. It was just a $7 stock a few months ago, but its shares peaked at $46 or so in mid-December, versus about $22.00 on last look. This short interest tally tab below should tell the story well enough:

  • DEC29  2,557,335
  • DEC15  1,701,501
  • NOV30  880,370
  • NOV15  601,553
  • OCT31  417,613
  • OCT13  128,234
  • SEP29  11,447

Social Reality Inc. (NASDAQ: SRAX) went from an internet advertising and platform technology company to surging on news of an initial coin offering (ICO) and on news that it is developing a blockchain identification graph technology named BIG Platform. Shares were at $5.88 on last look, and its 52-week range is $1.11 to $7.95. The short interest was literally 10,000 to 20,000 shares for much of 2017, but here is how that has risen since October:

  • DEC29  1,487,975
  • DEC15  1,268,773
  • NOV30  1,002,118
  • NOV15  254,206
  • OCT31  18,041

Square Inc. (NYSE: SQ) was a huge a beneficiary of the bitcoin craze for a while, seeing shares surge after its soft bitcoin launch. Back on November 15, Square started allowing a small number of users of Square Cash to buy bitcoin directly from its smartphone app. Square shares rose from under $30 in early October and peaked at almost $50 around Thanksgiving. Square was last seen at $42.50. The short interest was 32,520,214 shares at the end of December, down over 4.3 million from the 36,825,598 in mid-December.

U.S. Global Investors Inc. (NASDAQ: GROW) saw its shares surge late in 2017 after the boutique registered investment advisory firm started mining bitcoin in Iceland, where electricity is cheap. Its shares went from less than $1.50 in September to a high of $7.49, before settling back down around $4.65 recently. Here is how the short interest has gone according to U.S. Global Investors:

  • DEC29  1,487,975
  • DEC15  1,268,773
  • NOV30  1,002,118
  • NOV15  254,206
  • OCT31  40,331