BTC Development Corp. (NASDAQ:BDCIW) Stock Short Interest Report for September

BTC Development Corp. (NASDAQ:BDCIW) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 12,437 shares, an increase of 67.1% from the September 15th total of 7,443 shares. Based on an average daily trading volume, of 866 shares, the days-to-cover ratio is currently 14.4 days.

BTC Development Stock Performance

BDCIW opened at $0.35 on Friday. The stock’s fifty day moving average is $0.41 and its two-hundred day moving average is $0.43. BTC Development has a 52 week low of $0.34 and a 52 week high of $0.90.

About BTC Development

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.