Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Decreases By 7.5%

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 4,900 shares, a decrease of 7.5% from the August 31st total of 5,300 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the second quarter worth about $833,000. Clear Street LLC lifted its position 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 worth $615,000 after acquiring an additional 22,492 shares during the period. Berkley W R Corp grew its holdings in shares of Blockchain Coinvestors Acquisition Corp. I by 142.4% during the 1st quarter. Berkley W R Corp now owns 297,222 shares of the company’s stock worth $3,296,000 after purchasing an additional 174,598 shares in the last quarter. Tuttle Capital Management LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at approximately $222,000. Finally, Virtu Financial LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter valued at $233,000. 14.47% of the stock is currently owned by institutional investors and hedge funds.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

BCSA stock remained flat at $11.24 on Friday. 11 shares of the company were exchanged, compared to its average volume of 21,544. Blockchain Coinvestors Acquisition Corp. I has a fifty-two week low of $10.70 and a fifty-two week high of $11.88. The company has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $11.17.

Blockchain Coinvestors Acquisition Corp. I Company Profile

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.