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

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 5,400 shares, a drop of 28.0% from the June 30th total of 7,500 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Hedge funds have recently added to or reduced their stakes in the business. Tuttle Capital Management LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth $222,000. Virtu Financial LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth $233,000. Mizuho Securities USA LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth $558,000. K2 Principal Fund L.P. acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth $1,131,000. Finally, Cowen AND Company LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth $1,339,000. Institutional investors and hedge funds own 14.47% of the company’s stock.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

Blockchain Coinvestors Acquisition Corp. I stock remained flat at $11.17 during mid-day trading on Friday. The company had a trading volume of 85 shares, compared to its average volume of 13,763. Blockchain Coinvestors Acquisition Corp. I has a twelve month low of $10.70 and a twelve month high of $11.88. The company has a fifty day moving average price of $11.16 and a 200 day moving average price of $11.09.

About Blockchain Coinvestors Acquisition Corp. I

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.