BTC Development Corp. (NASDAQ:BDCIW) Sees Large Growth in Short Interest

BTC Development Corp. (NASDAQ:BDCIW) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 12,437 shares, an increase of 67.1% from the September 15th total of 7,443 shares. Based on an average daily volume of 866 shares, the days-to-cover ratio is presently 14.4 days.

BTC Development Price Performance

BTC Development stock opened at $0.35 on Friday. BTC Development has a 12 month low of $0.34 and a 12 month high of $0.90. The stock has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.43.

About BTC Development

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.