Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) Sees Significant Drop in Short Interest

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSAW) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,900 shares, a decline of 95.4% from the September 30th total of 84,100 shares. Based on an average trading volume of 20,800 shares, the short-interest ratio is currently 0.2 days.

Blockchain Coinvestors Acquisition Corp. I Stock Performance

NASDAQ:BCSAW traded up $0.01 during trading hours on Friday, reaching $0.02. The stock had a trading volume of 20,620 shares, compared to its average volume of 30,172. Blockchain Coinvestors Acquisition Corp. I has a 12-month low of $0.00 and a 12-month high of $0.25. The stock has a 50 day simple moving average of $0.04 and a 200 day simple moving average of $0.07.

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.