Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) Short Interest Down 95.4% in October

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,900 shares, a drop of 95.4% from the September 30th total of 84,100 shares. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 0.2 days.

Blockchain Coinvestors Acquisition Corp. I Price Performance

BCSAW stock traded up $0.01 during mid-day trading on Friday, reaching $0.02. 20,620 shares of the company traded hands, compared to its average volume of 30,172. Blockchain Coinvestors Acquisition Corp. I has a fifty-two week low of $0.00 and a fifty-two week high of $0.25. The firm’s 50 day moving average price is $0.04 and its 200 day moving average price is $0.07.

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.