Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) Short Interest Update

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 929 shares, a decline of 87.4% from the July 15th total of 7,358 shares. Based on an average daily trading volume, of 4,323 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Bitcoin Infrastructure Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition in the first quarter valued at approximately $5,079,000. Whitebox Advisors LLC acquired a new position in Bitcoin Infrastructure Acquisition in the 1st quarter valued at $1,984,000. Polar Asset Management Partners Inc. acquired a new position in Bitcoin Infrastructure Acquisition in the 1st quarter valued at $4,955,000. Sona Asset Management US LLC purchased a new position in shares of Bitcoin Infrastructure Acquisition during the 1st quarter worth $1,308,000. Finally, Berkley W R Corp boosted its holdings in shares of Bitcoin Infrastructure Acquisition by 12.8% during the first quarter. Berkley W R Corp now owns 228,781 shares of the company’s stock worth $2,270,000 after purchasing an additional 26,001 shares during the last quarter.

Bitcoin Infrastructure Acquisition Stock Down 0.1%

Bitcoin Infrastructure Acquisition stock opened at $10.03 on Wednesday. The business’s fifty day moving average is $10.00. Bitcoin Infrastructure Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.04.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) last issued its quarterly earnings data on Monday, March 30th. The company reported $0.03 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Bitcoin Infrastructure Acquisition

Bitcoin Infrastructure Acquisition (NASDAQ: BIXI) is a publicly listed special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses in the bitcoin infrastructure sector. As a blank‑check vehicle, the company’s primary purpose is to raise capital through its public listing and use those funds to pursue mergers, acquisitions or business combinations that expand access to bitcoin mining, hosting and related infrastructure services.

While the SPAC itself does not operate mining facilities or produce hardware, its investment focus is on companies that provide the physical and technological backbone for bitcoin and other digital asset networks.