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

Bitcoin Depot Inc. (NASDAQ:BTM) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 676,500 shares, a growth of 25.9% from the January 31st total of 537,400 shares. Based on an average daily volume of 425,100 shares, the days-to-cover ratio is currently 1.6 days. Approximately 4.6% of the company’s shares are sold short.

Institutional Trading of Bitcoin Depot

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Welch Capital Partners LLC NY increased its position in shares of Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock worth $846,000 after purchasing an additional 432,073 shares during the last quarter. Radcliffe Capital Management L.P. boosted its holdings in Bitcoin Depot by 134.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock valued at $463,000 after acquiring an additional 163,854 shares during the period. Two Sigma Investments LP purchased a new position in Bitcoin Depot during the 4th quarter valued at about $427,000. 272 Capital LP purchased a new position in Bitcoin Depot during the 3rd quarter valued at about $401,000. Finally, Two Sigma Advisers LP purchased a new position in Bitcoin Depot during the 4th quarter valued at about $267,000. 9.18% of the stock is owned by institutional investors and hedge funds.

Bitcoin Depot Stock Up 2.4 %

Shares of NASDAQ:BTM opened at $1.28 on Friday. The business has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.63. 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 company has a market capitalization of $77.30 million and a price-to-earnings ratio of -1.38. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52.

About Bitcoin Depot

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.