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

kopsource ·  Feb 13, 2023 15:11

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Rating) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 9,600 shares, a decline of 33.8% from the January 15th total of 14,500 shares. Based on an average daily trading volume, of 169,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

NASDAQ BCSA remained flat at $10.22 during mid-day trading on Monday. 6,285 shares of the company traded hands, compared to its average volume of 293,076. The firm's fifty day moving average price is $10.30 and its 200 day moving average price is $10.15. Blockchain Coinvestors Acquisition Corp. I has a twelve month low of $9.84 and a twelve month high of $12.80.

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Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Periscope Capital Inc. increased its stake in Blockchain Coinvestors Acquisition Corp. I by 52.6% in the 3rd quarter. Periscope Capital Inc. now owns 821,365 shares of the company's stock valued at $8,288,000 after buying an additional 283,165 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth $8,365,000. Calamos Advisors LLC purchased a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at $7,770,000. Shaolin Capital Management LLC grew its stake in shares of Blockchain Coinvestors Acquisition Corp. I by 3.8% during the 3rd quarter. Shaolin Capital Management LLC now owns 680,033 shares of the company's stock worth $6,855,000 after acquiring an additional 25,000 shares during the period. Finally, Linden Advisors LP raised its stake in Blockchain Coinvestors Acquisition Corp. I by 32.5% in the 2nd quarter. Linden Advisors LP now owns 662,500 shares of the company's stock valued at $6,572,000 after acquiring an additional 162,500 shares during the period. Hedge funds and other institutional investors own 66.03% of the company's stock.

Blockchain Coinvestors Acquisition Corp. I Company Profile

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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.

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