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

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,800 shares, a growth of 108.7% from the March 31st total of 2,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Several large investors have recently added to or reduced their stakes in BCSA. Tuttle Capital Management LLC purchased a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at $222,000. Virtu Financial LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter valued at about $233,000. Mizuho Securities USA LLC purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth approximately $558,000. K2 Principal Fund L.P. acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the fourth quarter worth approximately $1,131,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the fourth quarter worth approximately $1,339,000. 14.47% of the stock is owned by institutional investors and hedge funds.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

Shares of Blockchain Coinvestors Acquisition Corp. I stock traded up $0.05 during trading on Friday, hitting $11.20. The stock had a trading volume of 450,915 shares, compared to its average volume of 29,577. Blockchain Coinvestors Acquisition Corp. I has a 1 year low of $10.37 and a 1 year high of $11.88. The stock has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $10.96.

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.