Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Rating) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 2,400 shares, a drop of 27.3% from the September 15th total of 3,300 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Blockchain Coinvestors Acquisition Corp. I Price Performance
Shares of NASDAQ:BCSA traded down $0.01 during midday trading on Friday, hitting $10.05. 507,002 shares of the stock were exchanged, compared to its average volume of 63,565. Blockchain Coinvestors Acquisition Corp. I has a 52-week low of $4.09 and a 52-week high of $10.58. The business’s fifty day simple moving average is $10.04 and its two-hundred day simple moving average is $9.98.
Institutional Trading of Blockchain Coinvestors Acquisition Corp. I
Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter worth $750,000. Context Capital Management LLC acquired a new position in Blockchain Coinvestors Acquisition Corp. I during the first quarter worth $1,645,000. HBK Investments L P acquired a new position in Blockchain Coinvestors Acquisition Corp. I during the first quarter worth $993,000. Fir Tree Capital Management LP increased its position in Blockchain Coinvestors Acquisition Corp. I by 24.4% during the first quarter. Fir Tree Capital Management LP now owns 497,700 shares of the company’s stock worth $4,942,000 after buying an additional 97,700 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in Blockchain Coinvestors Acquisition Corp. I during the first quarter worth $8,992,000. 60.61% of the stock is currently owned by hedge funds and other institutional investors.
Blockchain Coinvestors Acquisition Corp. I Company Profile
Blockchain Coinvestors Acquisition Corp. I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial services, technology, and other sectors of the economy.
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