Bitcoin Depot Inc. (NASDAQ:BTMWW) Short Interest Up 138.8% in February

Bitcoin Depot Inc. (NASDAQ:BTMWW) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 128,459 shares, a growth of 138.8% from the January 29th total of 53,792 shares. Based on an average trading volume of 305,240 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 305,240 shares, the days-to-cover ratio is presently 0.4 days.

Bitcoin Depot Trading Up 2.6%

Shares of NASDAQ:BTMWW traded up $0.00 during midday trading on Friday, hitting $0.06. The company had a trading volume of 95,794 shares, compared to its average volume of 196,518. Bitcoin Depot has a 12-month low of $0.02 and a 12-month high of $0.75. The company has a fifty day moving average of $0.09 and a two-hundred day moving average of $0.19.

Bitcoin Depot Company Profile

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.