Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) is seeing a big drop in short interest
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Rating ) was the target for a significant drop in short interest in the month of August. As of August 15, short interest totaled 3,900 shares, a 66.4% drop from a total of 11,600 shares on July 31. Based on an average daily trading volume of 57,500 shares, the short interest ratio is currently 0.1 days. Approximately 0.0% of the shares in the company are short sold.
Blockchain Coinvestors Acquisition Corp. In Share performance
Shares of BCSA opened at $10.03 on Friday. Blockchain Coinvestors Acquisition Corp. I has a 12 month low of $4.09 and a 12 month high of $10.58. The company has a 50-day moving average price of $9.97 and a 200-day moving average price of $9.94.
Institutional inflows and outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCSA. Lynwood Capital Management Inc. purchased a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter valued at about $298,000. Context Capital Management LLC bought a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter valued at about $1,645,000. MMCAP International Inc. SPC purchased a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter worth about $7,448,000. Highbridge Capital Management LLC lifted its stake in Blockchain Coinvestors Acquisition Corp. In by 305.5% during the first quarter. Highbridge Capital Management LLC now owns 810,940 shares of the company’s stock worth $8,053,000 after buying an additional 610,940 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in Blockchain Coinvestors Acquisition Corp. In during the first quarter valued at about $1,987,000. Institutional investors own 31.39% of the company’s shares.
Blockchain Coinvestors Acquisition Corp. In Company Profile
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Blockchain Coinvestors Acquisition Corp. You do not have a significant business. It focuses on effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities in financial services, technology and other sectors of the economy.
Further reading
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