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Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Short Interest Down 70.8% in December

Defense World ·  Dec 29, 2022 02:21

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Rating) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 70.8% from the November 30th total of 2,400 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Large investors have recently bought and sold shares of the company. First Trust Capital Management L.P. acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the third quarter worth $756,000. Shaolin Capital Management LLC lifted its holdings in Blockchain Coinvestors Acquisition Corp. I by 3.8% in the 3rd quarter. Shaolin Capital Management LLC now owns 680,033 shares of the company's stock worth $6,855,000 after buying an additional 25,000 shares in the last quarter. Glazer Capital LLC boosted its position in Blockchain Coinvestors Acquisition Corp. I by 72.4% in the 3rd quarter. Glazer Capital LLC now owns 435,360 shares of the company's stock valued at $4,388,000 after buying an additional 182,797 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the third quarter valued at about $2,642,000. Finally, Periscope Capital Inc. increased its position in shares of Blockchain Coinvestors Acquisition Corp. I by 52.6% during the third quarter. Periscope Capital Inc. now owns 821,365 shares of the company's stock worth $8,288,000 after acquiring an additional 283,165 shares during the last quarter. Institutional investors and hedge funds own 66.03% of the company's stock.

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Blockchain Coinvestors Acquisition Corp. I Stock Performance

Shares of NASDAQ:BCSA opened at $10.24 on Thursday. The business's 50-day simple moving average is $10.18 and its 200 day simple moving average is $10.06. Blockchain Coinvestors Acquisition Corp. I has a one year low of $4.09 and a one year high of $10.58.

Blockchain Coinvestors Acquisition Corp. I Company Profile

(Get Rating)

Blockchain Coinvestors Acquisition Corp. I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial services, technology, and other sectors of the economy.

Further Reading

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