Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) is seeing a significant decline in short interest

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Free Report) saw a significant decline in short interest in June. As of June 15, the number of short interests stood at 10,100 shares, down 12.2% from the total of 11,500 shares on May 31. Short selling represents about 0.6% of the company’s shares. Based on an average daily volume of 30,900 shares, the days to cover ratio currently stands at 0.3 days.

Hedge funds are considering acquiring Blockchain Coinvestors Acquisition Corp. AND

Hedge funds have recently added to or decreased their holdings in stocks. Tuttle Capital Management LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter worth $222,000. Virtu Financial LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth approximately $233,000. Mizuho Securities USA LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth approximately $558,000. K2 Principal Fund LP bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the fourth quarter worth approximately $1,131,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter worth approximately $1,339,000. Institutional investors hold 14.47% of the company’s shares.

Blockchain Coinvestors Acquisition Corp. I Price Performance

BCSA opened at $11.18 on Monday. The stock has a 50-day moving average of $11.17 and a 200-day moving average of $11.05. Blockchain Coinvestors Acquisition Corp. And it has a 52-week low of $10.65 and a 52-week high of $11.88.

About Blockchain Coinvestors Acquisition Corp. AND

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Blockchain Coinvestors Acquisition Corp. And it has no significant operations. Intends to enter into a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in the financial services, technology and other economic sectors that are supported by new applications of blockchain.

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