Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 574,800 shares, an increase of 13.1% from the December 31st total of 508,400 shares. Currently, 9.0% of the shares of the company are sold short. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On Bitcoin Depot
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock valued at $85,000 after purchasing an additional 26,000 shares in the last quarter. 272 Capital LP acquired a new position in Bitcoin Depot during the third quarter worth $401,000. Finally, Walleye Capital LLC raised its position in Bitcoin Depot by 110.1% in the third 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. Hedge funds and other institutional investors own 9.18% of the company's stock.
Analyst Ratings Changes
Separately, Noble Financial upgraded Bitcoin Depot to a "strong-buy" rating in a research report on Thursday, October 17th.
View Our Latest Research Report on Bitcoin Depot
Bitcoin Depot Stock Down 3.4 %
NASDAQ:BTM traded down $0.05 during midday trading on Thursday, hitting $1.42. 397,192 shares of the company were exchanged, compared to its average volume of 374,589. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a fifty-two week low of $1.33 and a fifty-two week high of $3.52. The company has a market capitalization of $85.75 million and a PE ratio of -1.53. The company has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.68.
Bitcoin Depot Company Profile
(
Get Free Report)
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.
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