Short Interest in Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) Decreases By 6.7%

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a drop of 6.7% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 16,000 shares, the short-interest ratio is currently 0.1 days.

Blockchain Coinvestors Acquisition Corp. I Price Performance

NASDAQ BCSAW opened at $0.10 on Thursday. The business has a 50 day simple moving average of $0.05 and a 200 day simple moving average of $0.05. Blockchain Coinvestors Acquisition Corp. I has a one year low of $0.01 and a one year high of $0.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mangrove Partners lifted its holdings in shares of Blockchain Coinvestors Acquisition Corp. I by 34.3% in the 4th quarter. Mangrove Partners now owns 457,000 shares of the company’s stock worth $4,680,000 after purchasing an additional 116,683 shares in the last quarter. Saba Capital Management L.P. bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter valued at $559,000. Polar Asset Management Partners Inc. acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at about $380,000. Sculptor Capital LP acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter valued at about $192,000. Finally, Aristeia Capital LLC bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the first quarter worth about $77,000.

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.