Bitcoin Depot Inc. (NASDAQ:BTMWW – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,233 shares, a decline of 90.1% from the April 30th total of 204,864 shares. Based on an average trading volume of 305,908 shares, the days-to-cover ratio is presently 0.1 days.
Bitcoin Depot Price Performance
BTMWW remained flat at $0.00 during trading on Friday. Bitcoin Depot has a one year low of $0.00 and a one year high of $0.75. The company has a fifty day moving average of $0.02 and a two-hundred day moving average of $0.08.
Bitcoin Depot Company Profile
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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