Bitcoin Depot Inc. (NASDAQ:BTMWW) Sees Large Increase in Short Interest

Bitcoin Depot Inc. (NASDAQ:BTMWW) saw 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 short-interest ratio is presently 0.4 days. Based on an average daily volume of 86,276 shares, the short-interest ratio is presently 0.4 days.

Bitcoin Depot Trading Down 8.1%

Shares of Bitcoin Depot stock opened at $0.11 on Wednesday. The stock has a 50-day simple moving average of $0.15 and a 200-day simple moving average of $0.29. Bitcoin Depot has a 52-week low of $0.05 and a 52-week high of $0.75.

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.