Short Interest in Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) Drops By 87.4%

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 929 shares, a decrease of 87.4% from the July 15th total of 7,358 shares. Based on an average daily trading volume, of 4,323 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Bitcoin Infrastructure Acquisition Trading Up 0.0%

Shares of BIXI stock traded up $0.01 on Thursday, hitting $10.04. 4,861 shares of the stock traded hands, compared to its average volume of 20,610. The stock’s fifty day moving average is $10.01. Bitcoin Infrastructure Acquisition has a 1-year low of $9.80 and a 1-year high of $10.04.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) last released its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Bitcoin Infrastructure Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aristeia Capital L.L.C. acquired a new stake in Bitcoin Infrastructure Acquisition in the fourth quarter worth $15,277,000. AQR Arbitrage LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition during the fourth quarter valued at $11,439,000. Verition Fund Management LLC acquired a new stake in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth about $10,353,000. BNP Paribas Financial Markets acquired a new stake in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth about $6,309,000. Finally, Context Capital Management LLC acquired a new position in Bitcoin Infrastructure Acquisition during the 1st quarter valued at about $5,952,000.

Bitcoin Infrastructure Acquisition Company Profile

Bitcoin Infrastructure Acquisition (NASDAQ: BIXI) is a publicly listed special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses in the bitcoin infrastructure sector. As a blank?check vehicle, the company’s primary purpose is to raise capital through its public listing and use those funds to pursue mergers, acquisitions or business combinations that expand access to bitcoin mining, hosting and related infrastructure services.

While the SPAC itself does not operate mining facilities or produce hardware, its investment focus is on companies that provide the physical and technological backbone for bitcoin and other digital asset networks.