Bitcoin Depot Inc. (NASDAQ:BTMWW – Get Free Report) was the recipient of a large drop in short interest in 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 trading volume, of 305,908 shares, the days-to-cover ratio is presently 0.1 days.
Bitcoin Depot Price Performance
Shares of Bitcoin Depot stock opened at $0.00 on Thursday. The company has a 50 day moving average of $0.03 and a 200-day moving average of $0.08. Bitcoin Depot has a 1-year low of $0.00 and a 1-year high of $0.75.
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.
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