BCLS Acquisition Corp. (NASDAQ:BLSA) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,400 shares, a decline of 26.3% from the August 15th total of 1,900 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is currently 0.1 days.
Several hedge funds and other institutional investors have recently modified their holdings of BLSA. Acadian Asset Management LLC bought a new position in shares of BCLS Acquisition in the first quarter worth approximately $33,000. Morgan Stanley increased its holdings in shares of BCLS Acquisition by 158.5% in the 2nd quarter. Morgan Stanley now owns 4,819 shares of the company’s stock worth $51,000 after buying an additional 2,955 shares during the last quarter. Glazer Capital LLC raised its position in shares of BCLS Acquisition by 1,523.2% during the 2nd quarter. Glazer Capital LLC now owns 9,642 shares of the company’s stock valued at $102,000 after buying an additional 9,048 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of BCLS Acquisition by 25.0% during the 2nd quarter. Moors & Cabot Inc. now owns 12,500 shares of the company’s stock valued at $132,000 after buying an additional 2,500 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of BCLS Acquisition during the 2nd quarter worth $210,000. 76.53% of the stock is owned by institutional investors.
Shares of NASDAQ BLSA opened at $9.95 on Tuesday. The stock’s 50-day simple moving average is $10.00 and its two-hundred day simple moving average is $10.31. BCLS Acquisition has a twelve month low of $9.68 and a twelve month high of $14.00.
BCLS Acquisition Corp. does not have significant operation. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Boston, Massachusetts.
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