News
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) sees a significant drop in short interest
Acquisition of co-investors of Blockchain Corp. I (NASDAQ:BCA – Get a free report) saw a significant decrease in short interest during the month of June. As of June 15, there was short interest of 10,100 shares, a decline of 12.2% from the May 31 total of 11,500 shares. About 0.6% of the company’s shares are sold short. Based on an average daily volume of 30,900 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh in on Blockchain Coinvestors Corp. I Acquisition
Hedge funds have recently increased or decreased their holdings in the stock. Tuttle Capital Management LLC purchased a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter worth $222,000. Virtu Financial LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth about $233,000. Mizuho Securities USA LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth about $558,000. K2 Principal Fund LP bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth about $1,131,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth about $1,339,000. Institutional investors own 14.47% of the company’s stock.
Blockchain Coinvestors Acquisition Corp. I Price Performance
ASCAN opened at $11.18 on Monday. The stock has a fifty-day moving average of $11.17 and a 200-day moving average of $11.05. Blockchain Coinvestors Acquisition Corp. I has a fifty-two-week low of $10.65 and a fifty-two-week high of $11.88.
About Blockchain Coinvestors Acquisition Corp. I
Blockchain Coinvestors Acquisition Corp. I has no significant operations. Intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in financial services, technology and other sectors of the economy that are enabled by applications emerging blockchain technology.
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