Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Sees Large Decline in Short Interest

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAGet Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 4,900 shares, a decline of 7.5% from the August 31st total of 5,300 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.8 days.

Blockchain Coinvestors Acquisition Corp. I Trading Up 2.0 %

Shares of BCSA opened at $11.46 on Tuesday. The firm has a 50-day moving average price of $11.21 and a 200 day moving average price of $11.17. Blockchain Coinvestors Acquisition Corp. I has a 52-week low of $10.70 and a 52-week high of $11.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. K2 Principal Fund L.P. acquired a new position in Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth about $1,131,000. Virtu Financial LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter valued at approximately $233,000. Tuttle Capital Management LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. I in the first quarter valued at approximately $222,000. Berkley W R Corp grew its position in Blockchain Coinvestors Acquisition Corp. I by 142.4% in the first quarter. Berkley W R Corp now owns 297,222 shares of the company’s stock worth $3,296,000 after acquiring an additional 174,598 shares in the last quarter. Finally, Clear Street LLC lifted its stake in shares of Blockchain Coinvestors Acquisition Corp. I by 69.2% in the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company’s stock valued at $615,000 after purchasing an additional 22,492 shares during the last quarter. Institutional investors and hedge funds own 14.47% of the company’s stock.

Blockchain Coinvestors Acquisition Corp. I Company Profile

(Get Free Report)

Blockchain Coinvestors Acquisition Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial services, technology, and other sectors of the economy that are being enabled by emerging applications of blockchain.

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