Blockchain
Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Increases 18.6%
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get a free report) saw significant growth in short interest in May. As of May 31, short interest stood at 11,500 shares, up 18.6% from the May 15 total of 9,700 shares. About 0.6% of the stock’s shares are sold short. Based on average daily volume of 29,300 shares, the short interest rate is currently 0.4 days.
Hedge Funds Weigh in on Blockchain Coinvestors Corp. I Acquisition
Institutional investors and hedge funds have recently been buying and selling shares of the stock. K2 Principal Fund LP acquired a new position in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter worth approximately $1,131,000. Cowen AND Company LLC acquired a new position in Blockchain Coinvestors Acquisition Corp. I during the fourth quarter worth approximately $1,339,000. Mizuho Securities USA LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth $558,000. Berkley WR Corp increased its position in shares of Blockchain Coinvestors Acquisition Corp. I by 142.4% in the first quarter. Berkley WR Corp now owns 297,222 shares of the company’s stock valued at $3,296,000 after acquiring an additional 174,598 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth $233,000. Institutional investors and hedge funds own 14.47% of the company’s stock.
Blockchain Coinvestors Acquisition Corp. I Price Performance
NASDAQ:BCSA it opened Friday at $11.16. The company has a 50 day simple moving average of $11.16 and a 200 day simple moving average of $11.03. Blockchain Coinvestors Acquisition Corp. I has a 1-year low of $10.46 and a 1-year high of $11.88.
About Blockchain Coinvestors Acquisition Corp. I
Blockchain Coinvestors Acquisition Corp. I has no significant operations. Intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial services, technology and other sectors of the economy that are enabled from emerging applications of blockchain.
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