Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 6,100 shares, a growth of 41.9% from the September 30th total of 4,300 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Investors Weigh In On Blockchain Coinvestors Acquisition Corp. I
Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 2nd quarter valued at about $833,000. Clear Street LLC boosted its holdings in Blockchain Coinvestors Acquisition Corp. I by 69.2% in the second quarter. Clear Street LLC now owns 54,999 shares of the company's stock valued at $615,000 after acquiring an additional 22,492 shares during the last quarter. Finally, Berkley W R Corp grew its position in Blockchain Coinvestors Acquisition Corp. I by 142.4% during the first quarter. Berkley W R Corp now owns 297,222 shares of the company's stock valued at $3,296,000 after acquiring an additional 174,598 shares during the period. 14.47% of the stock is currently owned by hedge funds and other institutional investors.
Blockchain Coinvestors Acquisition Corp. I Price Performance
Shares of NASDAQ BCSA remained flat at $11.52 on Friday. 91 shares of the company's stock traded hands, compared to its average volume of 21,338. The company has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $11.23. Blockchain Coinvestors Acquisition Corp. I has a 12 month low of $10.70 and a 12 month high of $11.88.
Blockchain Coinvestors Acquisition Corp. I Company Profile
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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.
Further Reading
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