Bitcoin Depot Inc. (NASDAQ:BTMWW) Sees Significant Decline in Short Interest

Bitcoin Depot Inc. (NASDAQ:BTMWW) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 7,900 shares, a drop of 52.4% from the July 15th total of 16,600 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is currently 0.3 days.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTMWW remained flat at $0.05 during midday trading on Wednesday. 63,195 shares of the stock traded hands, compared to its average volume of 47,122. Bitcoin Depot has a 1-year low of $0.03 and a 1-year high of $0.31. The company’s 50-day moving average price is $0.05 and its 200 day moving average price is $0.08.

About Bitcoin Depot

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.