Short Interest in BTC Development Corp. (NASDAQ:BDCIW) Expands By 62.3%

BTC Development Corp. (NASDAQ:BDCIW) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,543 shares, an increase of 62.3% from the April 30th total of 8,343 shares. Based on an average trading volume of 3,195 shares, the days-to-cover ratio is currently 4.2 days.

BTC Development Stock Performance

BDCIW opened at $0.41 on Friday. BTC Development has a fifty-two week low of $0.35 and a fifty-two week high of $0.90. The stock’s 50-day simple moving average is $0.46.

BTC Development Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.