Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Short Interest Update

Posted by Tyrone Williams on Oct 15th, 2024

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 4,300 shares, a drop of 12.2% from the September 15th total of 4,900 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $233,000. Tuttle Capital Management LLC bought a new stake in Blockchain Coinvestors Acquisition Corp. I during the first quarter worth $222,000. Berkley W R Corp boosted its position in 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. Clear Street LLC grew its stake in Blockchain Coinvestors Acquisition Corp. I by 69.2% in the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company’s stock valued at $615,000 after purchasing an additional 22,492 shares during the period. Finally, Quarry LP purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 2nd quarter valued at $833,000. 14.47% of the stock is currently owned by hedge funds and other institutional investors.

Blockchain Coinvestors Acquisition Corp. I Price Performance

NASDAQ:BCSA traded up $0.01 during trading hours on Tuesday, hitting $11.51. 144,041 shares of the company traded hands, compared to its average volume of 21,895. The firm’s 50-day simple moving average is $11.28 and its 200-day simple moving average is $11.20. Blockchain Coinvestors Acquisition Corp. I has a one year low of $10.70 and a one year high of $11.88.

Blockchain Coinvestors Acquisition Corp. I Company Profile

(Get Free Report)

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.