Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Rises By 43.8%

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,300 shares, an increase of 43.8% from the March 15th total of 1,600 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 10,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Blockchain Coinvestors Acquisition Corp. I

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCSA. Basso Capital Management L.P. acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter worth about $1,893,000. Starboard Value LP bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter valued at approximately $835,000. Verition Fund Management LLC bought a new stake in Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at about $750,000. Prelude Capital Management LLC bought a new stake in Blockchain Coinvestors Acquisition Corp. I during the 1st quarter valued at approximately $993,000. Finally, Woodline Partners LP acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter worth $248,000. Institutional investors own 14.47% of the company's stock.

Blockchain Coinvestors Acquisition Corp. I Price Performance

BCSA stock traded up $0.02 during mid-day trading on Friday, hitting $11.14. 43,581 shares of the company were exchanged, compared to its average volume of 15,796. Blockchain Coinvestors Acquisition Corp. I has a twelve month low of $10.31 and a twelve month high of $11.88. The firm has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $10.93.

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.