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

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 11.7% from the August 15th total of 6,000 shares. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Blockchain Coinvestors Acquisition Corp. I

Several hedge funds have recently added to or reduced their stakes in BCSA. Berkley W R Corp increased its holdings in 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 valued at $3,296,000 after acquiring an additional 174,598 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at about $1,131,000. Quarry LP purchased a new position in Blockchain Coinvestors Acquisition Corp. I during the 2nd quarter valued at about $833,000. Clear Street LLC boosted its stake in shares of Blockchain Coinvestors Acquisition Corp. I by 69.2% during the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company’s stock worth $615,000 after purchasing an additional 22,492 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth about $233,000. 14.47% of the stock is currently owned by hedge funds and other institutional investors.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

NASDAQ:BCSA remained flat at $11.21 during mid-day trading on Monday. 101 shares of the company’s stock traded hands, compared to its average volume of 22,668. The business has a 50-day simple moving average of $11.20 and a 200 day simple moving average of $11.16. Blockchain Coinvestors Acquisition Corp. I has a 52-week low of $10.70 and a 52-week high of $11.88.

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.