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 closed out or covered. As of September 30th, traders have sold 275,900 shares of BTM short. 4.76% 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 3.0. 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. 4.76% of Bitcoin Depot's floating shares are currently sold short.

Bitcoin Depot saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 275,900 shares, a decrease of 12.7% from the previous total of 315,900 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 59,615,000 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 5,800,000 shares.

4.76% of Bitcoin Depot's shares are currently sold short. Here is how the short interest of companies in the industry of "banking" compare to Bitcoin Depot: Farmers & Merchants Bancorp, Inc. (1.48%), First Business Financial Services, Inc. (0.39%), Red River Bancshares, Inc. (0.50%), Bank7 Corp. (1.53%), Third Coast Bancshares, Inc. (0.80%), VersaBank (0.10%), Capital Bancorp, Inc. (2.87%), Community West Bancshares (1.44%), Northeast Community Bancorp, Inc. (1.16%), FS Bancorp, Inc. (0.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.04 billion), AppLovin Co. ($2.69 billion), Nu Holdings Ltd. ($2.64 billion), Paychex, Inc. ($2.61 billion), Cencora, Inc. ($2.30 billion), Aptiv PLC ($2.09 billion), Moderna, Inc. ($2.09 billion), Tractor Supply ($2.04 billion), Coinbase Global, Inc. ($1.97 billion), and International Paper ($1.95 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. BTM shares are trading down $0.01 today. 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 September, 30 2024.