Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Grows By 20.4%

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 6,500 shares, an increase of 20.4% from the July 15th total of 5,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is presently 0.4 days.

Blockchain Coinvestors Acquisition Corp. I Price Performance

Blockchain Coinvestors Acquisition Corp. I stock remained flat at $11.17 during trading hours on Friday. The company’s stock had a trading volume of 281 shares, compared to its average volume of 23,485. Blockchain Coinvestors Acquisition Corp. I has a 1-year low of $10.70 and a 1-year high of $11.88. The stock has a 50-day simple moving average of $11.18 and a 200-day simple moving average of $11.12.

Institutional Investors Weigh In On Blockchain Coinvestors Acquisition Corp. I

Hedge funds have recently made changes to their positions in the company. Berkley W R Corp raised its stake in shares of 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 purchasing an additional 174,598 shares during the last quarter. Cowen AND Company LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter valued at approximately $1,339,000. K2 Principal Fund L.P. bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter valued at approximately $1,131,000. Quarry LP purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the second quarter worth approximately $833,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth approximately $558,000. 14.47% of the stock is currently owned by institutional investors.

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.