Bitcoin Depot Inc. (NASDAQ:BTM) Short Interest Update

Bitcoin Depot Inc. (NASDAQ:BTM) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 508,400 shares, a decline of 6.0% from the November 30th total of 541,000 shares. Approximately 8.0% of the company’s stock are sold short. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 0.5 days.

Bitcoin Depot Stock Up 5.2 %

Bitcoin Depot stock traded up $0.08 during trading on Tuesday, hitting $1.62. 239,605 shares of the company were exchanged, compared to its average volume of 442,238. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The business’s 50 day moving average is $1.81 and its 200 day moving average is $1.70. Bitcoin Depot has a 52 week low of $1.33 and a 52 week high of $3.52. The company has a market capitalization of $97.83 million, a P/E ratio of -1.74 and a beta of -0.09.

Analyst Ratings Changes

Separately, Noble Financial upgraded Bitcoin Depot to a “strong-buy” rating in a report on Thursday, October 17th.

Institutional Investors Weigh In On Bitcoin Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC increased its stake in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after purchasing an additional 12,337 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after acquiring an additional 26,000 shares during the period. Finally, 272 Capital LP purchased a new position in shares of Bitcoin Depot in the third quarter valued at $401,000. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.