Bitcoin Depot Inc. (NASDAQ:BTMWW) Short Interest Update

Bitcoin Depot Inc. (NASDAQ:BTMWW) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 13,457 shares, an increase of 110.3% from the November 30th total of 6,400 shares. Based on an average trading volume of 46,265 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 46,265 shares, the days-to-cover ratio is currently 0.3 days.

Bitcoin Depot Stock Performance

Shares of BTMWW traded down $0.01 during mid-day trading on Friday, hitting $0.11. 198,132 shares of the company’s stock were exchanged, compared to its average volume of 126,532. Bitcoin Depot has a twelve month low of $0.05 and a twelve month high of $0.75. The firm has a fifty day moving average of $0.18 and a two-hundred day moving average of $0.32.

About Bitcoin Depot

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.