Short Interest in Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ) Declines By 24.1%

Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ – Get Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,200 shares, a decline of 24.1% from the March 15th total of 2,900 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is currently 0.1 days.

A number of large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new position in Blockchain Moon Acquisition in the fourth quarter valued at $109,000. Citadel Advisors LLC purchased a new position in Blockchain Moon Acquisition in the fourth quarter valued at $112,000. Schonfeld Strategic Advisors LLC purchased a new position in Blockchain Moon Acquisition in the fourth quarter valued at $195,000. Robinson Capital Management LLC purchased a new position in Blockchain Moon Acquisition in the fourth quarter valued at $220,000. Finally, Toroso Investments LLC purchased a new position in Blockchain Moon Acquisition in the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 29.84% of the company’s stock.

NASDAQ:BMAQ opened at $9.89 on Monday. The company has a fifty day moving average of $9.84. Blockchain Moon Acquisition has a 12-month low of $9.70 and a 12-month high of $10.40.

About Blockchain Moon Acquisition (Get Rating)

Blockchain Moon Acquisition Corp. focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and consummate an initial business combination with a company that focuses on blockchain technology.

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