Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW – Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 58.3% from the February 29th total of 3,600 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is presently 0.2 days.
Blockchain Coinvestors Acquisition Corp. I Price Performance
Shares of NASDAQ BCSAW opened at $0.04 on Thursday. Blockchain Coinvestors Acquisition Corp. I has a fifty-two week low of $0.01 and a fifty-two week high of $0.15. The firm’s 50-day simple moving average is $0.04 and its 200 day simple moving average is $0.04.
Hedge Funds Weigh In On Blockchain Coinvestors Acquisition Corp. I
Hedge funds have recently modified their holdings of the company. Walleye Capital LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $27,000. Spring Creek Capital LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $29,000. Farallon Capital Management LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $58,000. Aristeia Capital LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $77,000. Finally, Sculptor Capital LP bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 1st quarter worth approximately $192,000.
Blockchain Coinvestors Acquisition Corp. I Company Profile
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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