Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Decreases By 11.7%

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 11.7% from the August 15th total of 6,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is presently 0.6 days.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

Shares of BCSA stock remained flat at $11.21 during midday trading on Wednesday. 119 shares of the company traded hands, compared to its average volume of 22,668. The firm has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.16. Blockchain Coinvestors Acquisition Corp. I has a 1-year low of $10.70 and a 1-year high of $11.88.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Several large investors have recently made changes to their positions in BCSA. Tuttle Capital Management LLC purchased a new position in Blockchain Coinvestors Acquisition Corp. I during the 1st quarter valued at about $222,000. Virtu Financial LLC purchased a new stake in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter valued at $233,000. Clear Street LLC lifted its holdings in Blockchain Coinvestors Acquisition Corp. I by 69.2% during the second 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 in the last quarter. Quarry LP purchased a new stake in Blockchain Coinvestors Acquisition Corp. I in the 2nd quarter worth $833,000. Finally, K2 Principal Fund L.P. purchased a new stake in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter valued at approximately $1,131,000. 14.47% of the stock is currently owned by institutional investors and hedge funds.

About Blockchain Coinvestors Acquisition Corp. I

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.