Bitcoin Depot Inc. (NASDAQ:BTMWW – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 13,457 shares, a growth 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 presently 0.3 days. Based on an average trading volume of 46,265 shares, the days-to-cover ratio is presently 0.3 days.
Bitcoin Depot Stock Down 7.6%
Shares of Bitcoin Depot stock opened at $0.11 on Monday. The business has a fifty day simple moving average of $0.18 and a two-hundred day simple moving average of $0.32. Bitcoin Depot has a 1 year low of $0.05 and a 1 year high of $0.75.
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.
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