Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 537,400 shares, a decrease of 12.6% from the January 15th total of 614,700 shares. Based on an average daily volume of 1,220,000 shares, the short-interest ratio is presently 0.4 days. Approximately 3.7% of the company's shares are sold short.
Bitcoin Depot Stock Down 0.4 %
Shares of NASDAQ BTM traded down $0.01 during mid-day trading on Friday, hitting $1.29. The company had a trading volume of 105,615 shares, compared to its average volume of 320,936. Bitcoin Depot has a 1-year low of $1.25 and a 1-year high of $3.52. The company has a market capitalization of $77.60 million and a PE ratio of -1.38. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.66.
Institutional Investors Weigh In On Bitcoin Depot
A number of hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC increased its stake in shares of Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock worth $37,000 after buying an additional 12,337 shares during the period. 272 Capital LP acquired a new position in Bitcoin Depot during the 3rd quarter worth approximately $401,000. Renaissance Technologies LLC increased its position 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 during the last quarter. Radcliffe Capital Management L.P. raised its holdings in shares of Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after purchasing an additional 163,854 shares in the last quarter. Finally, Blue Owl Capital Holdings LP lifted its position in shares of Bitcoin Depot by 480.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock worth $29,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 9.18% of the company's stock.
About Bitcoin Depot
(
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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