Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) Stock Short Interest Declines 69.8%

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 245 shares, a drop of 69.8% from the September 15th total of 810 shares. Based on an average trading volume of 34,970 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Bitcoin Infrastructure Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Bitcoin Infrastructure Acquisition has an average rating of “Sell”.

Check Out Our Latest Stock Report on BIXI

Bitcoin Infrastructure Acquisition Price Performance

Shares of NASDAQ:BIXI traded up $0.01 during trading on Monday, reaching $10.09. The company had a trading volume of 693 shares, compared to its average volume of 24,753. The company has a fifty day moving average of $10.08 and a two-hundred day moving average of $10.01. Bitcoin Infrastructure Acquisition has a 12 month low of $9.80 and a 12 month high of $10.33.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Bitcoin Infrastructure Acquisition

A number of large investors have recently added to or reduced their stakes in BIXI. TrueMark Investments LLC bought a new stake in Bitcoin Infrastructure Acquisition during the first quarter worth about $148,000. Robinson Capital Management LLC lifted its position in Bitcoin Infrastructure Acquisition by 100.0% in the 2nd quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock worth $200,000 after buying an additional 10,000 shares during the last quarter. Gritstone Asset Management LLC purchased a new stake in Bitcoin Infrastructure Acquisition in the first quarter worth approximately $347,000. ABC Arbitrage SA bought a new position in Bitcoin Infrastructure Acquisition during the first quarter valued at approximately $397,000. Finally, Bulldog Investors LLP bought a new position in Bitcoin Infrastructure Acquisition during the first quarter valued at approximately $744,000.

About Bitcoin Infrastructure Acquisition

(Get Free Report)

Bitcoin Infrastructure Acquisition Corp. (NASDAQ: BIXI) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the bitcoin and broader digital-asset infrastructure sector.

As a SPAC, Bitcoin Infrastructure Acquisition does not operate a traditional business or offer products and services directly. Its activities are focused on evaluating potential merger, acquisition, or similar transactions with a target business.

Specific information about a completed transaction, operating subsidiaries, geographic markets, products, and executive leadership is limited.

Further Reading

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