Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Short Interest Up 41.9% in October

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) saw a significant growth in short interest in the month of 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. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 1.0 days.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

BCSA traded down $0.01 on Tuesday, reaching $11.56. The company had a trading volume of 116 shares, compared to its average volume of 21,117. Blockchain Coinvestors Acquisition Corp. I has a one year low of $10.78 and a one year high of $11.88. The company has a fifty day moving average of $11.35 and a 200-day moving average of $11.23.

Institutional Trading of Blockchain Coinvestors Acquisition Corp. I

Hedge funds and other institutional investors have recently made changes to their positions in the business. Berkley W R Corp raised its holdings in Blockchain Coinvestors Acquisition Corp. I by 142.4% during the 1st quarter. Berkley W R Corp now owns 297,222 shares of the company’s stock worth $3,296,000 after buying an additional 174,598 shares during the period. Quarry LP acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the second quarter worth $833,000. Finally, Clear Street LLC raised its stake in shares of Blockchain Coinvestors Acquisition Corp. I by 69.2% during the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company’s stock worth $615,000 after purchasing an additional 22,492 shares in the last quarter. 14.47% of the stock is currently owned by institutional investors.

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.