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

Bitcoin Depot Inc. (NASDAQ:BTMWWGet Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,233 shares, a drop of 90.1% from the April 30th total of 204,864 shares. Based on an average daily volume of 305,908 shares, the short-interest ratio is presently 0.1 days.

Bitcoin Depot Stock Performance

Shares of BTMWW stock remained flat at $0.00 on Friday. Bitcoin Depot has a twelve month low of $0.00 and a twelve month high of $0.75. The company has a 50 day moving average of $0.02 and a two-hundred day moving average of $0.07.

Bitcoin Depot Company Profile

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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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