Short Interest in BTC Development Corp. (NASDAQ:BDCIW) Expands By 62.3%

BTC Development Corp. (NASDAQ:BDCIWGet Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 13,543 shares, a growth of 62.3% from the April 30th total of 8,343 shares. Based on an average trading volume of 3,195 shares, the short-interest ratio is presently 4.2 days.

BTC Development Stock Down 0.2%

NASDAQ BDCIW traded down $0.00 on Wednesday, hitting $0.41. 7,800 shares of the company were exchanged, compared to its average volume of 17,257. The stock’s fifty day moving average is $0.46. BTC Development has a 12 month low of $0.35 and a 12 month high of $0.90.

About BTC Development

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.

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