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

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a decline of 6.7% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 16,000 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Blockchain Coinvestors Acquisition Corp. I

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC purchased a new stake in Blockchain Coinvestors Acquisition Corp. I in the first quarter worth $27,000. Spring Creek Capital LLC purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $29,000. Farallon Capital Management LLC purchased a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $58,000. Aristeia Capital LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter valued at about $77,000. Finally, Sculptor Capital LP purchased a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at about $192,000.

Blockchain Coinvestors Acquisition Corp. I Price Performance

Shares of NASDAQ:BCSAW opened at $0.10 on Thursday. The stock’s 50-day moving average price is $0.05 and its 200-day moving average price is $0.05. Blockchain Coinvestors Acquisition Corp. I has a 12-month low of $0.01 and a 12-month high of $0.25.

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.