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

Bitcoin Depot Inc. (NASDAQ:BTM) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 537,400 shares, a drop of 12.6% from the January 15th total of 614,700 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.7% of the company’s shares are sold short.

Bitcoin Depot Trading Up 4.3 %

Shares of BTM stock traded up $0.06 during mid-day trading on Monday, hitting $1.44. 180,210 shares of the company’s stock were exchanged, compared to its average volume of 369,903. The stock has a market cap of $86.96 million and a price-to-earnings ratio of -1.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a fifty-two week low of $1.25 and a fifty-two week high of $3.52. The stock has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.66.

Institutional Trading of Bitcoin Depot

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Owl Capital Holdings LP raised its position in shares of Bitcoin Depot by 480.0% in the 4th 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 period. Walleye Capital LLC lifted its stake in shares of Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after purchasing an additional 12,337 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Bitcoin Depot by 96.4% in 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. 272 Capital LP purchased a new stake in shares of Bitcoin Depot during the 3rd quarter worth about $401,000. Finally, Radcliffe Capital Management L.P. increased its position 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 worth $463,000 after purchasing an additional 163,854 shares in the last quarter. 9.18% of the stock is owned by institutional investors and hedge funds.

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.