Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) Sees Large Drop in Short Interest

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 245 shares, a decrease 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 presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. TrueMark Investments LLC purchased a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth about $148,000. Robinson Capital Management LLC increased its holdings in shares of Bitcoin Infrastructure Acquisition by 100.0% during the second quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock valued at $200,000 after acquiring an additional 10,000 shares in the last quarter. Gritstone Asset Management LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition during the first quarter valued at about $347,000. ABC Arbitrage SA purchased a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter valued at approximately $397,000. Finally, Bulldog Investors LLP purchased a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter valued at approximately $744,000.

Bitcoin Infrastructure Acquisition Stock Up 0.1%

Shares of BIXI stock opened at $10.09 on Wednesday. The business’s fifty day simple moving average is $10.09 and its 200-day simple moving average is $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) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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 MarketBeat, the stock has an average rating of “Sell”.

About Bitcoin Infrastructure Acquisition

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.