Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Short Interest Up 108.7% in April

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,800 shares, an increase of 108.7% from the March 31st total of 2,300 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tuttle Capital Management LLC bought a new position in Blockchain Coinvestors Acquisition Corp. I in the 1st quarter worth about $222,000. Virtu Financial LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at about $233,000. Mizuho Securities USA LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at about $558,000. K2 Principal Fund L.P. bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at about $1,131,000. Finally, Cowen AND Company LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter valued at about $1,339,000. Institutional investors own 14.47% of the company’s stock.

Blockchain Coinvestors Acquisition Corp. I Stock Up 0.4 %

NASDAQ BCSA traded up $0.05 during trading hours on Friday, hitting $11.20. The company had a trading volume of 450,915 shares, compared to its average volume of 29,577. Blockchain Coinvestors Acquisition Corp. I has a 52 week low of $10.37 and a 52 week high of $11.88. The firm has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $10.96.

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.