Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Sees Significant Increase in Short Interest

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) saw a significant growth in short interest in the month of 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,200 shares, the short-interest ratio is presently 0.3 days.

Blockchain Coinvestors Acquisition Corp. I Trading Up 0.4 %

BCSA traded up $0.05 on Friday, reaching $11.20. The company’s stock had a trading volume of 443,501 shares, compared to its average volume of 23,078. Blockchain Coinvestors Acquisition Corp. I has a 1 year low of $10.37 and a 1 year high of $11.88. The business’s 50 day moving average is $11.06 and its 200 day moving average is $10.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $233,000. Tuttle Capital Management LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $222,000. K2 Principal Fund L.P. bought a new position in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $1,131,000. Mizuho Securities USA LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $558,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $1,339,000. Hedge funds and other institutional investors own 14.47% of the company’s stock.

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.