Bitcoin Depot (BTM) Short Interest Ratio & Short Volume

Short interest is the volume of Bitcoin Depot shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 436,900 shares of BTM short. 11.50% of Bitcoin Depot's shares are currently sold short. Learn More on Bitcoin Depot's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BTM shares currently have a short interest ratio of 2.0. Learn More on Bitcoin Depot's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 11.50% of Bitcoin Depot's floating shares are currently sold short.

Bitcoin Depot saw a increase in short interest in April. As of April 15th, there was short interest totaling 436,900 shares, an increase of 27.7% from the previous total of 342,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Bitcoin Depot currently has issued a total of 59,620,000 shares. Some of Bitcoin Depot's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Bitcoin Depot currently has a public float of 3,800,000 shares.

11.50% of Bitcoin Depot's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Bitcoin Depot: CNFinance Holdings Limited (0.01%), Security National Financial Co. (0.30%), Argo Blockchain plc (1.19%), Oportun Financial Co. (0.49%), X Financial (0.01%), Medallion Financial Corp. (5.82%), Consumer Portfolio Services, Inc. (14.00%), SHF Holdings, Inc. (0.23%), Stronghold Digital Mining, Inc. (3.60%), 9F Inc. (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling BTM is an investing strategy that aims to generate trading profit from Bitcoin Depot as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Bitcoin Depot occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of BTM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BTM, twice per month. The most recent reporting period available is April, 15 2024.