Bitcoin Depot Inc. (NASDAQ:BTMWW) Short Interest Up 89.8% in January

Bitcoin Depot Inc. (NASDAQ:BTMWW) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 63,407 shares, an increase of 89.8% from the December 31st total of 33,409 shares. Based on an average daily trading volume, of 64,655 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 64,655 shares, the days-to-cover ratio is presently 1.0 days.

Bitcoin Depot Stock Performance

Shares of BTMWW traded down $0.00 during mid-day trading on Friday, reaching $0.05. The company’s stock had a trading volume of 50,303 shares, compared to its average volume of 167,740. Bitcoin Depot has a 1-year low of $0.02 and a 1-year high of $0.75. The business has a 50-day simple moving average of $0.11 and a two-hundred day simple moving average of $0.25.

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.