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

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

BTC Development Stock Performance

Shares of BTC Development stock opened at $0.41 on Thursday. BTC Development has a twelve month low of $0.35 and a twelve month high of $0.90. The firm has a fifty day moving average price of $0.46.

About BTC Development

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.