Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) sees big drop in short interest

by Arthur · October 14, 2022

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Rating ) was the target of a significant drop in short interest in September. As of September 30, there was short interest on a total of 2,400 shares, a drop of 27.3% from a total of 3,300 shares on September 15. Based on an average trading volume of 44,900 shares, the short interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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Blockchain Coinvestors Acquisition Corp. In Price performance

Shares of NASDAQ:BCSA traded down $0.01 during mid-day trading on Friday, reaching $10.05. 507,002 shares of the stock traded hands, 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 company’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. IN

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in Blockchain Coinvestors Acquisition Corp. In during the first quarter worth $750,000. Context Capital Management LLC bought a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter worth $1,645,000. HBK Investments LP purchased a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter worth $993,000. Fir Tree Capital Management LP increased its position in Blockchain Coinvestors Acquisition Corp. In with 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 purchasing an additional 97,700 shares during the last quarter. Finally, Anson Funds Management LP bought a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter worth $8,992,000. 60.61% of the share is currently owned by hedge funds and other institutional investors.

Blockchain Coinvestors Acquisition Corp. In Company Profile

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Blockchain Coinvestors Acquisition Corp. You do not have a significant business. It focuses on effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities in financial services, technology and other sectors of the economy.

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