Bitcoin Depot Inc. (NASDAQ:BTMWW) Short Interest Up 148.3% in December

Bitcoin Depot Inc. (NASDAQ:BTMWWGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 33,409 shares, an increase of 148.3% from the December 15th total of 13,457 shares. Based on an average daily volume of 86,276 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 86,276 shares, the days-to-cover ratio is currently 0.4 days.

Bitcoin Depot Price Performance

Shares of BTMWW opened at $0.12 on Thursday. Bitcoin Depot has a 1 year low of $0.05 and a 1 year high of $0.75. The company’s fifty day moving average is $0.14 and its two-hundred day moving average is $0.28.

About Bitcoin Depot

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Bitcoin Depot, Inc (NASDAQ: BTMWW) operates one of the largest cryptocurrency ATM networks in the United States, providing self-service kiosks where consumers can buy and sell major digital assets. The company’s machines support transactions in Bitcoin, Ethereum, Litecoin and Bitcoin Cash, enabling users to access cryptocurrency markets without requiring a traditional exchange account. Transactions can be completed in minutes, and many kiosks are co-located in retail convenience stores, pharmacies and shopping centers to maximize accessibility.

Since its founding in 2016, Bitcoin Depot has grown through a combination of organic deployment and strategic partnerships with retail operators.

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