Short Interest in Bitcoin Depot Inc. (NASDAQ:BTMWW) Drops By 30.4%

Bitcoin Depot Inc. (NASDAQ:BTMWW) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,900 shares, a drop of 30.4% from the May 15th total of 5,600 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is currently 0.1 days.

Bitcoin Depot Stock Performance

Shares of Bitcoin Depot stock remained flat at $0.07 during trading on Friday. 48,620 shares of the stock traded hands, compared to its average volume of 50,322. The company has a 50 day simple moving average of $0.08 and a two-hundred day simple moving average of $0.10. Bitcoin Depot has a 12-month low of $0.06 and a 12-month high of $0.34.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.