Blockchain Coinvestors Acquisition Corp. I (NASDAQ: BCSAW – Get Free Report) experienced a significant decrease in short interest during March. As of March 31st, the total short interest was 1,400 shares, reflecting a 6.7% decline from the March 15th figure of 1,500 shares. With an average daily trading volume of 16,000 shares, the current days-to-cover ratio stands at 0.1 days.
Stock Performance of Blockchain Coinvestors Acquisition Corp. I
On Wednesday, shares of NASDAQ BCSAW commenced trading at \(0.10. The stock’s 12-month low is \)0.01, while the 12-month high is \(0.25. Additionally, it holds a fifty-day simple moving average of \)0.05 and a two-hundred day simple moving average of $0.05.
Institutional Investments Overview
Recent activities in institutional investments show both additions to and reductions in stakes related to the company. Notably, Spring Creek Capital LLC initiated a new position in Blockchain Coinvestors Acquisition Corp. I during the 1st quarter, with an investment valued at approximately \(29,000. Similarly, Aristeia Capital LLC, Farallon Capital Management LLC, Saba Capital Management L.P., and Polar Asset Management Partners Inc. also acquired new positions in the 1st quarter, with investments ranging from \)58,000 to $559,000.
About Blockchain Coinvestors Acquisition Corp. I
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Blockchain Coinvestors Acquisition Corp. I is primarily a blank-check company without significant operational activities. Its primary objective is to facilitate mergers, share exchanges, asset acquisitions, or similar business combinations within sectors such as financial services and technology, leveraging the emerging applications of blockchain technology.
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