Short Interest in Bitcoin Depot Inc. (NASDAQ:BTM) Increases By 25.9%

Bitcoin Depot Inc. (NASDAQ:BTM) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 676,500 shares, an increase of 25.9% from the January 31st total of 537,400 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average trading volume of 425,100 shares, the short-interest ratio is presently 1.6 days.

Bitcoin Depot Price Performance

Shares of Bitcoin Depot stock traded down $0.01 on Thursday, hitting $1.25. The company had a trading volume of 75,403 shares, compared to its average volume of 328,645. The company has a market cap of $75.19 million and a PE ratio of -1.33. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $3.52. The business has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $1.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Walleye Capital LLC boosted 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 acquiring an additional 12,337 shares in the last quarter. Blue Owl Capital Holdings LP increased its holdings in Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock worth $29,000 after buying an additional 15,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Bitcoin Depot by 96.4% during the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after purchasing an additional 71,700 shares in the last quarter. Radcliffe Capital Management L.P. raised its holdings in Bitcoin Depot by 134.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock valued at $463,000 after buying an additional 163,854 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Bitcoin Depot in the 4th quarter worth approximately $267,000. 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.