Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW – Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,400 shares, a decrease of 6.7% from the March 15th total of 1,500 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is currently 0.1 days.
Blockchain Coinvestors Acquisition Corp. I Stock Performance
Shares of NASDAQ BCSAW opened at $0.10 on Wednesday. Blockchain Coinvestors Acquisition Corp. I has a 12 month low of $0.01 and a 12 month high of $0.25. The firm has a fifty day simple moving average of $0.05 and a two-hundred day simple moving average of $0.05.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Spring Creek Capital LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $29,000. Aristeia Capital LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $77,000. Farallon Capital Management LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $58,000. Saba Capital Management L.P. bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $559,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $380,000.
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.
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